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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
P r oject Selection with Resou r ce Const r aints
Natasha’s Flowers, a local florist, purchases fresh flowers each day at the local flower market.
The buyer has a budget of $1000 per day to spend. Different flowers have different profit margins, and also a maximum amount the shop can sell. Based on past experience, the shop has estimated the following NPV of purchasing each type:
| Â |
NPV per Bunch |
Cost per Bunch |
Max. Bunches |
|
Roses |
$ 3 |
$20 |
25 |
|
Lilies |
8 |
30 |
10 |
|
Pansies |
4 |
30 |
10 |
|
Orchids |
20 |
80 |
5 |
What combination of flowers should the shop purchase each day?
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