You
are in the process of solving a basic price optimization problem to
determine what price to charge for a product in order to maximize
contribution. Your demand is exponential and its function is D(p) =
20000 * p^-2 and the incremental cost is $15.
A. what is your objective function?
B. you have solved a basic price optimization model and
determined that your original contribution is $333.33 and you will
sell to 22.22 customers. What is your optimal price?...
Nonlinear optimization problems can have multiple solutions, and
a solution can be local or global. Can there be multiple local
solutions? Explain your answer. Can there be multiple global
solutions? Explain our answer.
Problem Solving/Goal Setting Checkpoint
Provide an example of a time when you used the problem solving
and decision making. What is the role of creativity in the problem
solving process? What are three ways that you can increase your
personal creativity?
Respond to the following in a essay:
Describe a time you encountered a problem that required you to
use the problem solving and decision making steps on page 150 of
the textbook. How did you solve the problem using...
When solving physics problems, how do you determine whether or
not to use the conservation of momentum, work-energy principle, or
conservation of energy? How do you identify whether or not a
problem is involving conservative or non-conservative forces?