
Introduction to Management Science 12th Edition by Bernard Taylor
Edition 12ISBN: 978-0133778847
Introduction to Management Science 12th Edition by Bernard Taylor
Edition 12ISBN: 978-0133778847 Exercise 9
The Rainwater Brewery produces beer, which it sells to distributors in barrels. The brewery incurs a monthly fixed cost of $12,000, and the variable cost per barrel is $17. The brewery has developed the following profit function and demand constraint:
Solve this nonlinear programming model for the optimal price ( p ).

Solve this nonlinear programming model for the optimal price ( p ).
Explanation
The profit-function, Z , is represented ...
Introduction to Management Science 12th Edition by Bernard Taylor
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