=8-7 (Media selection problem) The advertising director for Diversey Paint and Supply, a chain of four retail

Question:

=8-7 (Media selection problem) The advertising director for Diversey Paint and Supply, a chain of four retail stores on Chicago’s North Side, is considering two media possibilities. One plan is for a series of halfpage ads in the Sunday Chicago Tribune newspaper, and the other is for advertising time on Chicago TV.

The stores are expanding their lines of do-it-yourself tools, and the advertising director is interested in an exposure level of at least 40% within the city’s neighborhoods and 60% in northwest suburban areas.

The TV viewing time under consideration has an exposure rating per spot of 5% in city homes and 3% in the northwest suburbs. The Sunday newspaper has corresponding exposure rates of 4% and 3% per ad. The cost of a half-page Tribune advertisement is

$925; a television spot costs $2,000.

Diversey Paint would like to select the least costly advertising strategy that would meet desired exposure levels.

(a) Formulate using LP.

(b) Solve the problem.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Quantitative Analysis For Management

ISBN: 9789332578692

12th Edition

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna

Question Posted: