The Big Bucks Placements Company wants to decide the most cost effective advertising strategy to reach their target of 20,000 people. They are considering placing advertisements in three weekly magazines, each with different fixed costs to develop the ad and costs per column centimeter. The number of people each magazine can reach depends on the length of the ad. The company needs to determine the optimal advertisement lengths in each magazine to meet their target reach at minimum total cost, within the 30cm limit per magazine.
The Big Bucks Placements Company wants to decide the most cost effective advertising strategy to reach their target of 20,000 people. They are considering placing advertisements in three weekly magazines, each with different fixed costs to develop the ad and costs per column centimeter. The number of people each magazine can reach depends on the length of the ad. The company needs to determine the optimal advertisement lengths in each magazine to meet their target reach at minimum total cost, within the 30cm limit per magazine.
The Big Bucks Placements Company wants to decide the most cost effective advertising strategy to reach their target of 20,000 people. They are considering placing advertisements in three weekly magazines, each with different fixed costs to develop the ad and costs per column centimeter. The number of people each magazine can reach depends on the length of the ad. The company needs to determine the optimal advertisement lengths in each magazine to meet their target reach at minimum total cost, within the 30cm limit per magazine.
The Big Bucks Placements Company wants to decide on which
advertising media to use. Its target is to reach 20,000 people at minimum advertising cost. The media through which it may advertise are three different weekly magazines. Fixed Costs of developing an advertisement for the three magazines are Rs. 15000, Rs. 20,000 and Rs. 25000 respectively. Cost of advertising is given on the basis of column length of the advertisement and is Rs. 200, Rs. 180 and Rs. 230 per column cm. respectively. The number of people that can be reached by the three magazines depends on the length of the advertisement and is as follows: