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Jackets Mini-Case Study Goal: The goal of this case study is for you to be able to use Mathematical Modeling to solve a particular business
Jackets Mini-Case Study Goal: The goal of this case study is for you to be able to use Mathematical Modeling to solve a particular business situation. You will be using the six steps of mathematical modeling. The first three steps - defining the problem, making assumptions, defining variables - have been done for you. You will then complete the la three steps - getting a solution, analysis and reporting results. You should add at least one pages to this document which can include text, diagrams and graphs. Defining the Problem: I A national chain of stores is selling a jacket. The following price-demand and price-supply tables was created based on the number of jackets, x, that people are willing to buy and the store is willing to sell each month. Jackets price-demand price-supply 1000 91 9 2000 73 26 3000 64 34 4000 56 38 5000 53 41
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