An ad campaign for a new snack chip will be conducted in a limited geographical area and can use TV time, radio time, and newspaper ads. Information about each medium is shown below.
Medium
Cost Per Ad
# Reached
Exposure Quality
TV
500
10000
30
Radio
200
3000
40
Newspaper
400
5000
25
If the number of TV ads cannot exceed the number of radio ads by more than 4, and if the advertising budget is $10000, develop the model that will maximize the number reached and achieve an exposure quality if at least 1000.
Using SOLVER or LINGO, solve the Max Objective Function. Provide copy of the solution spreadsheet.