Math Is Fun Forum

intern3t

Member

Registered: 2014-09-03

Posts: 1

Optimization

Please help me solve this.

the cost of unit for candle is $25, selling price $30 per item if sold within a week.

unsold to be disposed $20

weekly sales: 3 4  5  6  7  8
probability:  0 10 20 40 30 0

Determine the optimum number of items per week that should be bought by the business owner.

Please show you working. Thanks

bobbym

bumpkin

From: Bumpkinland

Registered: 2009-04-12

Posts: 109,606

Re: Optimization

Hi;

Looks like a linear programming problem. What have you done so far? Have you set the constraints and the equation to be maximized up?

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