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Snowcat [4.5K]
3 years ago
6

Optimization in Daily Life: Think about your favorite activity, hobbies or any kind of activity from your daily life. Find a pro

blem which can be modeled with optimization. Now, think about the formulation steps for this activity using optimization and answer the formulation step questions below. (Note that you do not need to write a mathematical model.)
1. What is the decision to make?
2. What is the objective criterion?
3. What are the constraints for the decision?
Business
1 answer:
Serggg [28]3 years ago
3 0

Answer:

I like to go to learn driving everyday. I love driving car and go to mountains. I have a dream to have my own car and then go for long drives near the sea coast.

Explanation:

1. The decision to make is to buy a car to fulfill the hobby.

2. The main objective is to enjoy the favorite activity and pleased by the beauty of mountains and sea.

3. The main constraints are financial constraint. Money is required to buy a car and then fulfill the dream.

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A manufacturer who wants to encourage repeat purchases and offer the consumer an immediate reward might consider what type of promotion?

   ⇒ <u>online coupons</u>

<u></u>

Hope that helps!

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2 years ago
Your group has a presentation to the class in two weeks. moe believes that the presentation should be similar to a presentation
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None of those presentation methods solve problems
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3 years ago
You are in talks to settle a potential lawsuit. The defendant has offered to make annual payments of $27,000, $31,000, $64,000,
Citrus2011 [14]

Answer:

$188,625.23

Explanation:

Data provided in the question:

Annual payments made : $27,000, $31,000, $64,000, and $96,000

Now,

Present value = ( Cash flow ) ÷ ( 1 + r )ⁿ

Here,

r is the interest rate = 4.9% = 0.049

n = year

thus,

Year         Cash flow           Present value

  1             $27,000              $25,738.79

  2            $31,000              $28171.55

  3            $64,000             $55443.86

  4            $96,000             $79281.03

======================================

Value of settlement today = $188,625.23

5 0
3 years ago
How can customer reviews and testing rating services help you when you are comparison shopping?
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Reviews give you word-of-mouth accounts of how other customers used a product or experienced a service so you can evaluate how it fits with your purchase goals better.

5 0
3 years ago
For students not wanting a traditional major in marketing or accounting, for example, YSU decided to create a general business m
ahrayia [7]

Answer:

The correct approach is "Customization".

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