An advertising firm desires to reach two types of audiences-customers with annual income of more than K40,000 (target audience A) and customers with annual income of less than K40,000 (target audience B). The total advertising budget is K200, 000 . One programme of TV advertising costs K50, 000 while one programme of radio advertising cost K20, 000. Contract conditions ordinarily require that there should be at least 3 programmes on TV and not more than 5 on radio. Survey indicates that one TV programme reaches 750,000 customers in target audience A and 150,000 in target audience B. One radio programme reaches 400,000 customers in target audience A and 260,000 in target audience B. Formulate a linear programming model for this problem Use the simplex method to determine the media mix to maximize the number of customers reached.
An advertising firm desires to reach two types of audiences-customers with annual income of more than K40,000 (target audience A) and customers with annual income of less than K40,000 (target audience B). The total advertising budget is K200, 000 . One programme of TV advertising costs K50, 000 while one programme of radio advertising cost K20, 000. Contract conditions ordinarily require that there should be at least 3 programmes on TV and not more than 5 on radio. Survey indicates that one TV programme reaches 750,000 customers in target audience A and 150,000 in target audience B. One radio programme reaches 400,000 customers in target audience A and 260,000 in target audience B. Formulate a linear programming model for this problem Use the simplex method to determine the media mix to maximize the number of customers reached.
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
Related questions
Topic Video
Question
An advertising firm desires to reach two types of audiences-customers with annual income of more than K40,000 (target audience A) and customers with annual income of less than K40,000 (target audience B). The total advertising budget is K200, 000 . One programme of TV advertising costs K50, 000 while one programme of radio advertising cost K20, 000. Contract conditions ordinarily require that there should be at least 3 programmes on TV and not more than 5 on radio. Survey indicates that one TV programme reaches 750,000 customers in target audience A and 150,000 in target audience B. One radio programme reaches 400,000 customers in target audience A and 260,000 in target audience B.
- Formulate a linear programming model for this problem
- Use the simplex method to determine the media mix to maximize the number of customers reached.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 7 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.Recommended textbooks for you
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning