Math Problem Statement
Solution
This problem is a typical linear programming (optimization) scenario where the goal is to maximize the audience reached under budget and other constraints.
Variables:
Let:
- = number of TV ads,
- = number of social media ads,
- = number of billboard ads,
- = number of newspaper ads.
Objective Function:
The objective is to maximize the total audience reached, which is given by: subject to the constraints.
Constraints:
-
Budget constraint: The total cost of all ads cannot exceed $15,000.
-
TV/Social media constraint: There should be at least 6 ads from TV or social media combined.
-
Billboard and newspaper cost constraint: The amount spent on billboards and newspapers together must not exceed the amount spent on TV ads.
-
Maximum number of ads constraint: Each type of ad has a maximum number allowed, as given in the table:
Solving Method:
This can be solved using linear programming techniques, such as the Simplex Method or graphical methods if approached manually. Given these constraints, we aim to find the values of that maximize the objective function while satisfying the constraints.
Would you like a detailed step-by-step solution for this problem or further assistance in setting up the solution algorithm?
Here are 5 related questions you could explore:
- How would the solution change if the budget were increased to $20,000?
- What if the cost of social media ads increased to $600 per ad?
- How would the solution differ if there were no limit on the number of newspaper ads?
- What is the minimum budget required to purchase 6 ads on TV and 6 on social media?
- How does the audience reached change if the audience per ad is reduced by 10%?
Tip: In linear programming, simplifying the objective function and constraints can often reveal shortcuts or alternative approaches to solving the problem faster.
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Math Problem Analysis
Mathematical Concepts
Linear Programming
Optimization
Formulas
Objective Function: Maximize 30,000x1 + 22,000x2 + 24,000x3 + 8,000x4
Budget Constraint: 800x1 + 400x2 + 500x3 + 100x4 ≤ 15,000
TV/Social Media Constraint: x1 + x2 ≥ 6
Billboards/Newspapers Cost Constraint: 500x3 + 100x4 ≤ 800x1
Maximum Ads Constraints: 0 ≤ x1, x2, x3, x4 ≤ 10
Theorems
Simplex Method for Linear Programming
Suitable Grade Level
Undergraduate
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