Question

Hi there,

We want to make a correct formulation of the problem that want to apply Linear programming on it..

we went to a store that is selling surveillance system (Esp. cameras called UNV (uniview products))

we need to know what is the possible constraints to be considered in order to maximize the profit.

:)

Answer 1

Constraints in case of maximizing profit of the store could be:

• Selling minimum X number of units for an individual customer, example X can be > 5, 7 etc.
• Selling minimum Y number of units for an enterprise company customer, example Y can be > 10, 20, 30 etc.

Above will drive more revenue in terms of more unit sold, hence can maximize the profit per customer

• Selling A category of surveillance system (in terms of technology/ size/ utility), with minimum 2% or 4% profit margin to any customer
• Selling B category of surveillance system (in terms of technology/ size/ utility), with minimum 5% or 10% or 12% profit margin to any customer
• Selling C category of surveillance system (in terms of technology/ size/ utility), with minimum 15% or 20% or 25% profit margin to any customer

Above will drive more profit margin for each product and category of product sold, hence can maximize the profit per product