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7 Feb
2020

Use dynamic programming to solve… | Good Grade Guarantee!

Question:A company is planning its advertising strategyfor next year for its three major products. Since the threeproducts are quite different, each advertising effortwill focus ona single product. In units of millions of dollars, a total of 6 isavailable for advertising next year, where the advertisingexpenditure for eachproduct must be an integer greater than orequal to 1. The vice-president for marketing has established theobjective: Determine how much to spend on eachproduct in order tomaximize total sales. The following table gives the estimatedincrease in sales (in appropriate units) for the differentadvertisingexpenditures.
Advertising Expenditure
Product
1 2 3
1
7 4 6
2
10 8 9
3
141113
4
171415
Use dynamic programming to solve thisproblem.

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