case study linear programming excel solver – www.savvyessaywriters.net
case study linear programming excel solver – www.savvyessaywriters.net
please see attached Case Study
read the Case, try to solve it, answer the following questions
instructions below
1. (20 points) Case Synopsis (include a brief summary of the case and the business issue(s)being studied) 2. (20 points) Methodology (including a discussion of what information was provided and how you used this information to analyze the problem) organize the available data and type out your full mathematical programming model including defining your decision variables. 3. (40 points) Findings and Conclusions (include summary of analysis results) Based on your analysis, what is Sunrise Grill’s (complete) optimal marketing decision?
A schedule showing the recommended number of SiriusXM, Social Media, and Internet Radio advertisements and the budget allocation for each medium. Show the total exposure rate and indicate the total number of potential new customers reached. Also address the following two questions:
a. How would the total exposure change if an additional $20,000 were added to the advertising budget?
b. After reviewing KK’s recommendation, the Sunrise Grill management team asked how the recommendation would change if the objective of the advertising campaign was to maximize the number of potential new customers reached. Develop the media schedule under this objective. Show the total exposure and indicate the total number of potential new customers reached. 4. (20 points + up to 10 points extra credit) Recommendations. What other factors need to be considered in making the recommendations? Do you agree with the decisions from your quantitative analysis? Why or why not? Using both of these recommendations you made in the findings and conclusions section and your own management perspective (other issues to consider), what is your recommendation for the Sunrise Grill’s advertising campaign?. For extra credit, you can also do some outside research on Digital Marketing campaigns and/or base your opinion on your knowledge and/or experience with Digital Marketing (be sure to site any outside sources used).
*Based on a case problem from Anderson, Sweeney, Williams, Camm, Cohran, Fry, Ohlmann, An Introduction to Management Science, 14th Editi
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