A decorating store specializing in do-it-your-self home decorators must decide how many informa- tion packets to prepare for the summer decorating season. The store managers know they will require at least 400 copies of their popular painting packet. They believe their new information packet on spe- cialty glazing techniques could be a big seller, so they want to prepare at least 300 copies. Their printer has given the following information: The painting packet will require 2.5 minutes of printing time and 1.8 minutes of collating time. The glazing packet will require 2 minutes for each operation. The store has decided to sell the painting packet for $5.50 a copy and to price the glazing packet at $4.50. At this time, the printer can devote 36 hours to printing and 30 hours to collation. He will charge the store $1 for each packet prepared. How many of each packet should the store order to maximize the revenue associated with information packets, and what is the store's expected revenue?
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Calculate how many of each packet should the store order to maximize the revenue associated with information packets, and what is the store’s expected revenue. WITHOUT EXCEL
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- Solve Problem 1 with the extra assumption that the investments can be grouped naturally as follows: 14, 58, 912, 1316, and 1720. a. Find the optimal investments when at most one investment from each group can be selected. b. Find the optimal investments when at least one investment from each group must be selected. (If the budget isnt large enough to permit this, increase the budget to a larger value.)8-6 Eddie Kelly is running for reelection as mayor of a small town in Alabama. Jessica Martinez, Kelly’s campaign manager during this election, is planning the marketing campaign, and there is some stiff competition. Martinez has selected four ways to advertise: television ads, radio ads, billboards, and newspaper ads. The costs of these, the audience reached by each type of ad, and the maximum number available are shown in the following table: In addition, Martinez has decided that there should be at least six ads on TV or social media or some combination of those two. The amount spent on billboards and newspapers together must not exceed the amount spent on TV ads. While fund-raising is still continuing, the monthly budget for advertising has been set at $15,000. Perform the four steps (i.e., define variables, determine objective function, identify constraints, list the non-negativity statement) and write equations. Use the table in the picture8-6 Eddie Kelly is running for reelection as mayor of a small town in Alabama. Jessica Martinez, Kelly’s campaign manager during this election, is planning the marketing campaign, and there is some stiff competition. Martinez has selected four ways to advertise: television ads, radio ads, billboards, and newspaper ads. The costs of these, the audience reached by each type of ad, and the maximum number available are shown in the following table: In addition, Martinez has decided that there should be at least six ads on TV or social media or some combination of those two. The amount spent on billboards and newspapers together must not exceed the amount spent on TV ads. While fund-raising is still continuing, the monthly budget for advertising has been set at $15,000. Use Solver to solve the problem. You need to have one Excel sheet with the problem setup and another sheet with Solver solution
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