Question
KitchenAid is manufacturing a new Professional Salad Spinner machine. For summer 2021, they are planning a new campaign for a new product that will be
KitchenAid is manufacturing a new Professional Salad Spinner machine. For summer 2021, they are planning a new campaign for a new product that will be conducted in a limited geographical area, only LA County, and can use TV time, radio time, and newspaper ads. Information about each medium is shown below.
Medium Cost per Ad # Reached Exposure Quality
TV 500 10,000 30
Radio 200 3000 40
Newspaper 400 5000 25
If the number of TV ads cannot exceed the number of radio ads by more than 4, and if the advertising budget is $10,000, develop the model that will maximize the number reached and achieve an exposure quality of at least 1000. Show the LP program below, use Excel Solver to solve it.
What is the current optimal solution for their new advertising campaign?
Interpret the range of optimality for the number of TV ads
Interpret the shadow price for the budget constraint.
Interpret the range of feasibility for the budget constraint.
Interpret the reduced cost for the number of TV ads
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