Determine the best way to schedule the shows

Assignment Help Basic Statistics

Reference no: EM131939363

The Children's Theater Company is a nonprofit corporation managed by Shannon Board. The theater performs in two venues: Kristin Marie Hall and the Lauren Elizabeth Theater. For the upcoming season, seven shows have been chosen. The question Shannon faces is how many performances of each of the seven shows should be scheduled. A financial analysis has estimated 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:

334_popularity of the shows in other markets.png

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?

Reference no: EM131939363

Questions Cloud

Develop and solve a transportation model : The cost of transporting between sites is given here (some combinations of plants and storage sites are not to be used, and no figure is given).

Capital for use in making capital budgeting decision : A-Rod Manufacturing Company is trying to calculate its cost of capital for use in making a capital budgeting decision.

Discuss about the homosexuality : Discuss about the Homosexuality.This paper should be written so that it defines/explains your position and defend your views.

Evaluate the project on the basis of npv and mirr : Construct the capital budget. Evaluate the project on the basis of NPV and MIRR.

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?

Present a summary of the teaching of the book of hebrews : Identify in your essay the passage that you believe gives the strongest affirmation of the deity of Christ and explain why you choose that passage.

What things would be brought to meeting : What would be a reasonable sales call objective for this first meeting? What things would be brought to meeting?

Units of inventory does company order in one shipment : How many units of inventory does the company order in one shipment?

Determine how he can best invest the money : Develop a linear optimization model to determine how he can best invest the money and meet his financial obligations.

User Account

All Pages