The Childrens Theater Company is a nonprofit corporation managed by Shannon Board. The theater performs in two
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revenues for each performance of the seven shows, and Shannon has set the minimum number of performances of each show based upon union agreements with Actor€™s Equity Association and the popularity of the shows in other markets:
Kristin Marie Hall is available for 60 performances during the season, while Lauren Elizabeth Theater is available for 150 performances. Shows 3 and 7 must be performed in Kristin Marie Hall, while the other shows are performed in the Lauren Elizabeth Theater. The company wants to achieve revenues of at least $550,000 while minimizing its production costs. Develop and solve a linear optimization model to determine the best way to schedule the shows. Is it possible to achieve revenues of $600,000? What is the highest amount of revenue that can be achieved?
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For
Statistics Data Analysis And Decision Modeling
ISBN: 9780132744287
5th Edition
Authors: James R. Evans
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