Pls send me solution fast within 10 min and i will rate instantly for sure!! Solution must be in typed form!! The demand of product A varies with the price as guided by the following equation. Demand = -1.5 * price + 25 Moreover, the sale of product A leads to the sale of another product B of the same company. Additional data is given below: The unit cost of A = Rs 3 Number of units of B with one A = 20 Profit from the sale of one unit of B = Rs 0.85 Develop an Operations Research-based optimization model for the pricing of A to maximize total profit earned and find the optimal price.
Pls send me solution fast within 10 min and i will rate instantly for sure!! Solution must be in typed form!! The demand of product A varies with the price as guided by the following equation. Demand = -1.5 * price + 25 Moreover, the sale of product A leads to the sale of another product B of the same company. Additional data is given below: The unit cost of A = Rs 3 Number of units of B with one A = 20 Profit from the sale of one unit of B = Rs 0.85 Develop an Operations Research-based optimization model for the pricing of A to maximize total profit earned and find the optimal price.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 33P: Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand...
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Pls send me solution fast within 10 min and i will rate instantly for sure!!
Solution must be in typed form!!
The demand of product A varies with the price as guided by the following equation.
Demand = -1.5 * price + 25
Moreover, the sale of product A leads to the sale of another product B of the same company. Additional data is given below:
The unit cost of A = Rs 3
Number of units of B with one A = 20
Profit from the sale of one unit of B = Rs 0.85
Develop an Operations Research-based optimization model for the pricing of A to maximize total profit earned and find the optimal price.
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