Continuing the previous problem (the model in part a) one step further, assume that shirts and ties

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Continuing the previous problem (the model in part a)

one step further, assume that shirts and ties are also complementary. Specifically, assume that each time a shirt is purchased (and is not accompanied by a suit purchase), 1.3 ties, on average and regardless of the price of ties, are also purchased. Modify the model from part a of the previous problem to find the prices of suits, shirts, and ties to maximize overall profit.

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Practical Management Science, Revised

ISBN: 9781118373439

3rd Edition

Authors: Wayne L Winston, S. Christian Albright

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