Answer:
To maximize the total audience contact within the given budget and constraints, we can use linear programming. Linear programming is a mathematical technique used to optimize a linear objective function subject to linear equality and inequality constraints.
(a) To determine the number of commercial messages on each medium, we need to set up the objective function and constraints.
Let:
x = number of television advertisements
y = number of radio advertisements
z = number of online advertisements
Objective function: Maximize Total Audience Contact
The total audience contact can be calculated by multiplying the audience per advertisement by the number of advertisements on each medium and summing them up:
Total Audience = 300,000x + 54,000y + 120,000z
Constraints:
1. Budget Constraint: The total cost of advertisements should not exceed the budget of $29,700:
2,000x + 300y + 600z ≤ 29,700
2. Media Usage Constraint: The maximum number of advertisements allowed on each medium:
x ≤ 10 (for television)
y ≤ 20 (for radio)
z ≤ 10 (for online)
3. Radio Usage Constraint: Radio advertisements should not exceed 50% of the total number of advertisements authorized:
y ≤ 0.5(x + y + z)
4. Television Usage Constraint: Television should account for at least 10% of the total number of advertisements authorized:
x ≥ 0.1(x + y + z)
By solving these constraints, we can determine the optimal number of commercial messages on each medium.
Television advertisements: x = 7
Radio advertisements: y = 10
Online advertisements: z = 10
(b) To determine how much the audience contact would increase if an extra $100 were allocated to the promotional budget, we can use the same objective function and constraints. We need to solve the linear programming problem again with the new budget constraint of $29,800 ($29,700 + $100).
By comparing the total audience contact between the previous and new solutions, we can find the increase in audience contact.
Total Audience Contact (with new budget): 300,000x + 54,000y + 120,000z
Note: The increase in audience contact would depend on the new optimal allocation of the budget among the three media.
Explanation: