- Tackle business problems to find the best ways to increase profits, minimize costs, or maximize revenue
- Use optimization methods to solve problems involving geometry
Maximizing Profits, Minimizing Materials: Calculus in the Beverage Industry
In this apply-it task, we’ll explore how calculus can be applied to real-world business decisions in the beverage industry. We’ll focus on a Thai beverage company that’s aiming to optimize its operations through careful analysis of pricing, revenue, and packaging design.
By working through these problems, you’ll gain insight into how calculus serves as a powerful tool for decision-making in business, affecting everything from pricing strategies to product design. Let’s dive in and discover how mathematics can drive efficiency and profitability in the beverage industry!