How to Increase the Amount
of Products or Services Sold
Advantages and Disadvantages
Sales
Promotio
n
Alternati
ves
The Five Components of
Revenue Strategy
Revenue Strategy
Three Rules for Success:
Focus on the customer
Keep turnaround times short
Always
(a) Define the decision variables and write the linear programming model for the p
own
brand
national
brands
Constriction
Space available
9
9
Point-of-sale records
1
-0.5
0.28
0.19
Profit ($/Unit ) (Maximize)
Variable decision
X1: Own brand peas
Function
(a) Define the decision variables and write the linear programming model for the problem in the space provided below
Chair
Board-ft
(ft/Unit)
Constriction
Available
each day
7
14
125
3.5
hours of labor (hour/Unit)
Table
7
45
5
Demand
Profit ($/Unit ) (Max
10. (21 pts) Two kinds of cargo, A and B, are to be shipped by a truck. Each crate of cargo
A is 25 cubic feet in volume and weighs 100 pounds, whereas each crate of cargo B is 40
cubic feet in volume and weighs 120 pounds. The shipping company collects $
9. (10 pts) A panel of 7 politicians is to be chosen from a group of 15 politicians.
(a) In how many ways can the panel be chosen? Show work/explanation.
So, we want the number of combinations of 15 politicians taken 7 at a time. This number is
C15=
7
15
8. (15 pts) 200 baseball fans in a Maryland county have been surveyed about the baseball teams
they watch on TV. 103 fans watch the Washington Nationals. 90 fans watch the Baltimore Orioles.
170 watch the Washington Nationals or the Baltimore Orioles (or
6. (15 pts) Let U = cfw_10, 20, 30, 40, 50, 60, 70, 80, 90, A = cfw_30, 50, 60, 90 and B = cfw_10, 20, 50,
80, 90.
List the elements of the indicated sets. (No work/explanation required).
(a)
AB
A B=cfw_ 50,90
(b)
A B
(Be sure to notice the complement sy
1. (6 pts) Six customers in a grocery store are lining up at the check-out. In how many different
orders can the customers line up? Show your work.
4. _C_
A. 6
B. 36
C. 720
D. 46,656
Solution
P6=6 !=6 5 4 3 2 1=720
Customers can order in 720 different for
3. (6 pts) Given the feasible region shown to the
right, find the values of x and y that minimize
the objective function 8x + 7y. Show your
Work.
3. _D_
A.
B.
C.
D.
E.
There is no minimum.
(x, y) = (6, 0)
(x, y) = (3, 2)
(x, y) = (1, 4)
(x, y) = (0, 7)
So
1. (6 pts) Determine how many six-character codes can be formed if the first, second, third, and
fourth characters are letters, the fifth character is a nonzero digit, the sixth character is an odd
digit, and repetition of letters and digits are allowed.
(a) Define the decision variables and write the linear programming model for the problem in the space provided below
Oats
Rice
Constriction
Minimum
requirements
Vitamins A (milligrams / ounce)
10
6
45
Vitamins B (milligrams/ ounce)
2
3
13
0.06
Costs ($/ou