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Pls help in writing python code for this poorly formed and written question where nothing is clear. Question : Product Optimization Exercise The problem statement
Pls help in writing python code for this poorly formed and written question where nothing is clear.
Question :
Product Optimization Exercise
The problem statement for this homework: You are producing beverage mugs and are trying
to identify the best pricefeaturevector. Assume the following attributes and attribute levels:
Price: $ $ $
Time Insulated: hrs hr hrs
Capacity: oz oz oz
Cleanability: Difficult min Fair min Easy min
Containment: Slosh resistant, Spill resistant, Leak resistant
Brand: A B C
Assume the following as the "proposed market scenario", ie the scenario with the current
competitors and our proposed candidate.
Incumbents
: $ hrs oz Clean Easy, Leak Resistant, Brand A
: $ hrs oz Clean Fair, Spill Resistant, Brand B
Our proposed candidate
: $ hrs oz Clean Easy, Leak Resistant, Brand C
Assume the following cost structure:
Time Insulated: hrs costs $ hr costs $ hrs costs $
Capacity: oz costs $ oz costs $ oz costs $
Cleanability: Difficult min costs $ Fair min costs $ Easy min costs
$
Containment: Slosh resistant costs $ Spill resistant costs $ Leak resistant costs
$
You are given data on the preference parameters of consumers in mugspreferenceparametersfull.xlsx The CSV version of this file is also provided as mugspreferenceparametersfull.csv
Discrete Optimization: Consider each of the three levels for each of the five attributes
and enumerate all the possibilities in lexical order with Price as the leftmost attribute
changing slowest and taking levels sequentially $ $ $ then Time Insulated as
the leftsecondmost attribute changing secondslowest and taking values sequentially
hrs hr hrs and so on You will have product candidates. The lexical order
produces indices as shown in mugsproductslexicalorder.csv Please make sure
you list your products in that exact same order. The lexical order of products is
obtained by looping as shown in mugsproductslexicalorderloop.R which has
close similarity in python. Again, using the compensatory rule, compute and report
the following four columns of numbers for each candidate: the share, the cost, the
margin and the expected profit per person all under the current competition
incumbents The table that you submit needs to have all rows. Hint to check your
answer: product candidate has a negative expected profit per customer of between
and and product candidate has an expected profit per customer of
between and
There is no clarity anywhere multiple datasets and large barrage of values
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