Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

thanks in advance... solve it but try to use a powerpoint with: .Introduction... .Background... (problem formulation and initial solution).... .Analysis... (decision variables, objective function, constraint,

thanks in advance...

solve it but try to use a powerpoint with:

  • .Introduction...
  • .Background... (problem formulation and initial solution)....
  • .Analysis... (decision variables, objective function, constraint, solver dialog box)
  • .Recommendations (optimal solution, charts and figures)....

this is the data in excel same like the one above

Impulse Shopping Network

Taking advantage of consumer weaknesses is what the Impulse Shopping Network does best. On- air hosts peddle each product during a predetermined period of time. During each segment (10 minutes maximum), viewers are enticed to whip out their credit card and order the product shown before the time runs out. These marketers are so convincing that even the savviest consumer can't avoid temptation. Moore Zales, Director of Marketing at Impulse Shopping Network needs to do some product planning for tomorrow evening's line-up. She needs to decide how to split the group of products being offered between an hour of peak and two hours of off-peak airtime in order to maximize the profits generated for the three-hour line-up. The following is a list of available items, their wholesale cost, retail price, stock-on-hand, and data on the quantity sold per minute in the previous week during both peak and off-peak times.

Managerial Report

Prepare a managerial report that help Moore Zales decide how to split the group of products being offered between an hour of peak and two hours of off-peak airtime in order to maximize the profits generated for the three hour line-up.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Step: 3

blur-text-image

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

Intro Stats

Authors: Richard D. De Veaux, Paul F. Velleman, David E. Bock

3rd edition

321533283, 321533289, 9780321463708, 9780321503848, 9780321503800, 9780321499431, 9780321499417, 978-0321500458

More Books

Students also viewed these Mathematics questions

Question

3 > O Actual direct-labour hours Standard direct-labour hours...

Answered: 1 week ago

Question

=+a) Write the regression model.

Answered: 1 week ago

Question

=+b) Are the assumptions and conditions met?

Answered: 1 week ago