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Management Studies

Roger is willing to promote and sell two types of smart watches, X and Y, at his outlet. The demand for these two watches are as follows:

DX = -0.45PX + 0.34PY + 242

DY = 0.2PX - 0.58PY+ 282

where, DX is the demand for watch X, PX is the selling price of watch X, DY is the demand for watch Y, and PY is the selling price of watch Y.

Rogers wishes to determine the selling price that maximizes revenue for these two products. Develop the revenue function for these two models, and find the revenue maximizing prices.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92185025

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