Derek Meintjies
New member
...cars and 8 LDV's are to be displ? A motor dealership has 100 linear metres of display window. At least 10 sedan cars and 8 LDV's are to be displayed. Each car needs 3m of space in the window display and each LDV needs 5m. The dealership makes R4000 on each car sold and R8000 on each LDV sold. The probability that on a given day a displayed car will be sold is 0.10 and that a displayed LDV will be sold is 0.12. Solve for the optimal number of cars and LDV's the dealership should display in its window under each of the following objectives: a) Maximise total expected daily profit b) Maximise the total expected number of daily sales of vehicles c) Minimise the total number of cars and LDV's displayed.