Formulate a linear programming model that can be used

Assignment Help Supply Chain Management

Reference no: EM133420153

Case Study: The Sea Wharf Restaurant would like to determine the best way to allocate:

a monthly advertising budget of $1000

between digital advertising and radio advertising. Management decided that at least 25% of the budget must be spent on each type of media, and that the amount of money spent on digital, advertising must be at least twice the amount spent on radio advertisiig. A marketing consultant developed an index that measures audience exposure per dollar of advertising on a scale from 0 to 100, with higher values implying greater audience exposure. If the value of the index for digital advertising is 50 and the value of the index for spot radio advertising is 80, how should the restaurant allocate its advertising budget in order to maximize the value of total audience exposure? LO 2, 4, 5

Question: Formulate a linear programming model that can be used to determine how the restaurant should allocate its advertising budget in order to maximize the value of total audience exposure.
Solve the problem using the graphical solution procedure. ( no excel ) ( be precise by showing step by step )

Reference no: EM133420153

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