How many of packet should store order to maximize revenue

Assignment Help Computer Engineering

Reference no: EM131925098

Problem

A decorating store specializing in do-it-your-self home decorators must decide how many information packets to prepare for the summer decorating season. The store managers know they will require at least 400 copies of their popular painting packet. They believe their new information packet on specialty glazing techniques could be a big seller, so they want to prepare at least 300 copies. Their printer has given the following information: The painting packet will require 2.5 minutes of printing time and 1.8 minutes of collating time. The glazing packet will require 2 minutes for each operation. The store has decided to sell the painting packet for $5.50 a copy and to price the glazing packet at $4.50. At this time, the printer can devote 36 hours to printing and 30 hours to collation. He will charge the store $1 for each packet prepared. How many of each packet should the store order to maximize the revenue associated with information packets, and what is the store's expected revenue?

Reference no: EM131925098

Questions Cloud

How many of each hammock should treetops make : How many of each hammock should Treetops make? If the restriction on single hammocks were removed, what would be the optimal production plan?

What is best combination of furniture cabinets to be made : A furniture cabinet maker produces two types of cabinets that house and hide plasma televisions. What is the best combination of furniture cabinets to be made?

Find the best combination of motors to yield highest profit : Assuming that all motors that are assembled can be sold, find the best combination of motors to yield the highest profit.

What is the most effective advertising strategy : The advertising agency promoting a new product is hoping to get the best possible. Given these constraints, what is the most effective advertising strategy?

How many of packet should store order to maximize revenue : How many of each packet should the store order to maximize the revenue associated with information packets, and what is the store's expected revenue?

What is the current value of a share of hurricane travel : What is the current value of a share of Hurricane Travel Service, Inc.? What will the dividend be in year three?

Develop your own set of constraint equations : Develop your own set of constraint equations and inequalities and use them to illustrate graphically each of the unbounded problem.

Identify and discuss three factors that limit the risk : Identify and discuss three factors that limit the insurability of risk. Define parameter uncertainty and correlation.

What are the assumptions and requirements for an lp model : It is important to understand the assumptions underlying the use. What are the assumptions and requirements for an LP model to be formulated and used?

User Account

All Pages