Solve 2 Optimisation Exercises (optimisation / performance analysis) within 12 hours.
You will receive a 'revenue optimisation' exercises that requires logical thinking, some math and sharp mind. Need it to be solved nicely, accurately and clearly within 12 hours.
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Example for an exercise:
You were given a license to broadcast 3 movies for free (movie X; movie Y; movie Z). To do it, you’re considering renting a small cinema for 1 day.
The cinema has 3 halls, each of which can accommodate 200 people and broadcast 3 movies per day, i.e. morning, afternoon and evening.
You have a list of 40,000 people, to whom you sent an email survey asking if they’d be interested in seeing these movies. From this survey, you now know that:
From the survey you did you know that:
● 1% of people are interested in movie X.
● 1.6% of people are interested in movie Y.
● 0.3% of people are interested in movie Z.
● There are no people interested in more than 1 movie.
You decide to set different prices for movies shown at different times of the day:
● Morning - $40
● Afternoon - $50
● Evening - $60
You know that people are very price sensitive. If they have the chance to pay less by coming to an earlier movie, they’ll do it.
If there is competition regarding an open seat for a movie, those who cannot come later in the same day will be prioritized over those who can come later the same day.
Of all those people who showed interest in seeing each movie: 10% can do anytime; 5% can do morning or afternoon; 5% can do morning or evening; 10% can do morning only; 10% can do afternoon or evening; 15% can do afternoon only; 40% can do evening only; 5% can’t do it on this day.
Question:
What movie schedule would you need to create in order to maximize revenue from this day? And what is the revenue?
I have a masters degree in mathematics and application and a Bachelor degree in Business administration.,I pay attention to details . I will ensure satisfaction of the client and will meet all deadlines
$25 USD in 1 day
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Hello
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Hi there I'm a professional statistician. I know how to handle such kind of questions related to optimisation theory. How we can maximize the profit. I can do it accurately defining each step clearly.
Relevant Skills and Experience
For more information you can visit my profile. I will deliver the work in 3 hour explaining not missing even one step. So that even a lay man would understand how it's done.
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I am pursuing PhD from Indian Institute of Science Bangalore. I have to ability to solve difficult problem and puzzles. Your work will be done in a given time frame. You are in safe hands.