The entrepreneur in the previous problem did very well selling Victor shoes. His shoe supplier told him
Question:
Volume of Victors = 1,000 - 20Pv + 1Pn
Volume of Top Notch = 800 + 2Pv - 18Pn
where Pv = price of Victors and Pn = price of Top Notch. Develop a model to maximize the total revenue and find the optimal prices using Solver.
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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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