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Suppose that an academician wants to subscribe to some scientific journals. The various journals under consideration, the subscription price in $ and the readership
Suppose that an academician wants to subscribe to some scientific journals. The various journals under consideration, the subscription price in $ and the readership of the journals are given in the table below. Annual readership 7840 6175 8510 7375 7875 Journal 2 345 5 Annual subscription 80 95 115 125 105 The available budget of the academician for annual subscription to these journals is $450. Find the optimal set of journals that must be selected that has the maximum total readership.
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It looks like youre asking for help in determining the optimal set of journals to subscribe to with a budget of 450 to maximize the total readership To solve this we can evaluate different combinations of journals within the budget constraint Lets analyze the data from the given table 1 Journal 1 costs 80 and has 7840 readers 2 Journal 2 costs 95 and has 6175 readers 3 Journal 3 costs 115 and has 8510 readers 4 Journal 4 costs 125 and has 7375 readers 5 Journal 5 costs 105 and has 7875 readers Here are the steps we can take to find the optimal set of journals 1 Calculate the costeffectiveness of each journal subscription by dividing the number of readers by the cost 2 Prioritize journals with a higher costeffectiveness within the budget 3 Start combining journals by adding their costs until the budget of 450 is reached or nearly reached without going over 4 The combination ...Get Instant Access to Expert-Tailored Solutions
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