Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A manufacturer of jeans is interested in developing an advertisement campaign that will reach four different groups. Advertisement campaigns can be conducted through TV,

 image text in transcribed  image text in transcribed 

A manufacturer of jeans is interested in developing an advertisement campaign that will reach four different groups. Advertisement campaigns can be conducted through TV, radio and magazines. The following table gives the estimated cost in paise per exposure for each group according to the medium employed. In addition, maximum exposure levels possible in each of the medium, namely TV, radio and Magazines are 40, 30 and 20 million, respectively. Also, the minimum desired exposures within each group, namely 13-18, 19-25, 26-35, 35 and older, are 30, 25, 15 and 10 millions. The objective is to minimize cost of obtaining the desired minimum exposure level in each age group. Formulate this as a transportation problem and find the optimal solution. Medium Age Group 13-18 19-25 25-35 35 and above TV 12 7 10 10 Radio 10 9 12 10 Magazines 14 12 9 12

Step by Step Solution

There are 3 Steps involved in it

Step: 1

this can be formulated as a transportation problem with the following Supply The number of people watching TV radio and magazines 40 30 and 20 million respectively Demand The minimum desired exposures ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurial Finance

Authors: J . chris leach, Ronald w. melicher

4th edition

538478152, 978-0538478151

More Books

Students also viewed these Mathematics questions

Question

In what ways are bonds different from mortgages?

Answered: 1 week ago

Question

Briefly describe Rule 508 of Reg D.

Answered: 1 week ago

Question

Describe some major characteristics of business angels.

Answered: 1 week ago