Question: There is one problem to be solved. You are not required to submit any answer report or sensitivity report for question. Define your decision variables

There is one problem to be solved. You are not required to submit any answer report or sensitivity report for question. Define your decision variables clearly.

The LP formulation and corresponding Excel Sensitivity Report for a media selection problem are provided below.

T = number of commercials on TV , M = number of advertisements in magazines , R = number of commercials on radio, I = number of advertisements in Instagram

Maximize Exposures = 1200T + 600M + 900R + 600I subject to 300T + 155M + 200R + 160I 5,000 (ad budget) , 100T + 45M + 60R + 40I 2,000 (planning budget) , 600M + 600I 12,000 (min. requirement of exposure from Magazine and Instagram ads),T 3 (min TV spots) R 10 (max Radio spots T, M, R, I 0.

There is one problem to be solved. You are notShow your calculations clearly and provide the number(s) for your answers wherever possible.

  1. What is the optimal solution and the total exposure represented by the objective function?
  2. What is the impact on total exposure if we increase the ad budget by 200 units?
  3. What is the impact on total exposure if we decrease the planning budget by 400 units?
  4. What is the impact on total exposure if we decrease the planning budget by 600 units?
Variable Cells Cell Name SBS14 Number of TV Spots SCS14 Number of Magazine Ads SDS14 Number of Radio Spots SES14 Number of Instagram Ads Constraints Cell Name SFS6 Ad Budget SFS7 Planning Budget SFS8 Exposure Requirement SFS9 Min TV Spots $F$10 Max Radio Spots Final Reduced Objective Allowable Allowable Value Cost Coefficient Increase Decrease 3 0 1200 150 0 600 97.5 5 0 900 1E+30 0 -22.50 600 225 Final Shadow Constraint Allowable Value Price R.H. Side Increase 5000 45 5000 1500 0 2000 12000 -0.1625 12000 3 -150 3 5 0 10 20 1000 1E+30 3870.97 3.33 1E+30 1E+30 22.5 100 1E+30 Allowable Decrease 1000 500 3870.97 3 5

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