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    Optimization Modeling In Excel (using Solver)

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    A marketing research group needs to contact at least 150 wives, 120 husbands, 100 single adult males, and 110 single adult females. It costs $2 to make a daytime call and (b/c of higher labor costs) $5 to make an evening call. Because of the limited staff, at most half of all phone calls can be evening calls. Determine how to minimize the cost of completing the survey.

    Table lists the results that can be expected. For example, 30% of all daytime calls are answered by a wife and 15%of all evening calls are answered by a single male.

    DATA for Problem
    Person Responding % of Daytime Calls % of Evening Calls
    Wife 30 30
    Husband 10 30
    Single male 10 15
    Single female 10 20
    None 40 5

    Need the optimal solution only.
    Please explain the results in plain, simple english - no technical jargon please. Thank you.

    © BrainMass Inc. brainmass.com May 20, 2020, 1:17 pm ad1c9bdddf
    https://brainmass.com/math/optimization/optimization-modeling-in-excel-using-solver-45559

    Solution Summary

    The solution provides an optimal solution in Excel for a given marketing problem, including the model formation in Word.

    $2.19

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