linear business problem
Not what you're looking for?
A) Summarize the above information in a useful table.
b) What are the decision variables? Pick a logical symbol for each one.
c) What is the objective function? Is this a maximization or a minimization problem?
d) What are ALL of the constraint equations?
e) It turns out that marketing vastly underestimated the price that they can sell Dr. Phil's Pick-Me-Up-I-Feel-Downâ?¢ snacks. If you had solved the above problem with a LP program, such as available with Excel, and had all of the information that it would provide, what information would you use and how would you use it? Use the applicable terms that we have learned.
Purchase this Solution
Solution Summary
The useful tables and decision variables are examined. The objective functions and logical symbols are found.
Solution Preview
Please see attached word document
2.
Dr. Phil, a well-known TV talk show host and the most caring person in the U.S., cares about making as much money as possible. Besides his Oprah-like TV show, he sells books, videos, board games and Pick-Me-Up-I-Feel-Down™ snacks. Books sell for $22, board games for $34, the snacks at $2 per dozen, and videos for $30. Each of these products is sold at twice its costs. Books require 2 pounds of material per book, 1 cubic foot of space (Dr. Phil writes a lot), and 2 hours of assembly (they are made by hand). Videos require 0.5 cubic feet of space, 1 pound of material, and 1 hour of assembly. Board games need 3 pounds of material, 4 ...
Purchase this Solution
Free BrainMass Quizzes
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Basics of corporate finance
These questions will test you on your knowledge of finance.
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.