question archive Elizabeth Bailey is the owner and general manager of Princess Brides, which provides a wedding planning service in Southwest Louisiana
Subject:ManagementPrice:2.87 Bought7
Elizabeth Bailey is the owner and general manager of Princess Brides, which provides a wedding planning service in Southwest Louisiana. She uses radio advertising to market her business. Two types of ads are available - those during prime time hours and those at other times. Eachprime time ad costs $390 and reaches 8,200 people, while the off-peak ads each cost $240 and reach 5,100 people. Bailey has budgeted 1,800 per week for advertising. Based on comments from her customers,Bailey wants to have at least 2 primetime ads and not more than 6 off-peak ads.
Solve this as an integer programming problem using a computer. |
Answer:-
Formulation of LP
Primetime Hours | Off-peak hours | |
Costs | 390 | 240 |
Reach | 8200 | 5100 |
Step-1: Decision Variables
Let x1 and x2 be the decision variables denoting the number of ads in prime hours and off-peak hours.
Step-2 Optimization Function
The objective here is to maximize the reach of the Ads
Maximize: Z = 8200 x1 + 5100 x2
Step-3 Constraints
1. x1>=2
2. x2<=6
3. 390x1 + 240 x2 <= 1800
4. x1, x2 >=0
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Solving the LP
To draw constraint x1≥2→(1)
Treat it as x1=2
Here the line is parallel to Y-axis
x1 | 2 | 2 |
x2 | 0 | 1 |
To draw constraint x2≤6→(2)
Treat it as x2=6
Here the line is parallel to X-axis
x1 | 0 | 1 |
x2 | 6 | 6 |
To draw constraint 390x1+240x2≤1800→(3)
Treat it as 390x1+240x2=1800
When x1=0 then x2=?
390(0)+240x2=1800
240x2=1800
x2=1800/240=7.5
When x2=0 then x1=?
390x1+240(0)=1800
390x1=1800
x1=1800/390=4.62
x1 | 0 | 4.62 |
x2 | 7.5 | 0 |
Graphical Representation:
In the graph, the green line represents the equation: x2=6, the red line represents the equation: x1=2, the blue line represents the equation: 390x1+240x2=1800.
The value of the objective function at each of these extreme points is as follows:
The maximum value of the objective function z = 38075 occurs at the extreme point (2,4.25).
Hence, the optimal solution to the given LP problem is x1=2, x2=4.25, and max z=38075.
Since the number of Ads can't be in fraction and should be a whole number, therefore an educated guess will be
x1 = 2, x2 = 4, then the Z = 36800.
If I take x1= 2 and x2 = 5 then it violates the budget constraint.
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Solving the Integer Programming Problem using Excel Solver
Objective Function: Maximize Z = 8200 x1 + 5100 x2
Subject to Constraints:
1. x1>=2
2. x2<=6
3. 390x1 + 240 x2 <= 1800
4. x1, x2 >=0 and x1, x2 = integer
On solving, We get
x1 = 4
x2 = 1
Z = 37900
Please find below the screenshots of the Excel Sheet:
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