appropriate optimization model
Not what you're looking for?
A soda producer makes and sells two products, Classic Cola and Diet Cola. If this company spends X1 dollars on promotion of Classic Cola in a particular western city, it can sell 75 X1^0.5 12-packs of Classic Cola each week there. Moreover, if this company spends X2 dollars on promotion of Diet Cola in a particular western city, it can sell 50X2^0.5 12-packs of Diet Cola each week there. Each 12-pack of Classic Cola sells for $3.00 and costs $0.80 to produce and ship to customers in this western city. Each 12-pack of Diet Cola sells for $3.50 and costs $1.00 to produce and ship to customers in this western city. A total of $10,000 is available for promotion each week in this city. The soda producer seeks to maximize its weekly profit. Formulate and solve an appropriate optimization model to help this soda producer identify the best promotional strategies for its two products.
Purchase this Solution
Solution Summary
Formulate and solve an appropriate optimization model to help this soda producer identify the best promotional strategies for its two products.
Purchase this Solution
Free BrainMass Quizzes
Solving quadratic inequalities
This quiz test you on how well you are familiar with solving quadratic inequalities.
Probability Quiz
Some questions on probability
Graphs and Functions
This quiz helps you easily identify a function and test your understanding of ranges, domains , function inverses and transformations.
Exponential Expressions
In this quiz, you will have a chance to practice basic terminology of exponential expressions and how to evaluate them.
Geometry - Real Life Application Problems
Understanding of how geometry applies to in real-world contexts