{"id":3442,"date":"2024-06-24T16:44:13","date_gmt":"2024-06-24T16:44:13","guid":{"rendered":"https:\/\/content.one.lumenlearning.com\/calculus1\/?post_type=chapter&#038;p=3442"},"modified":"2024-08-05T13:30:55","modified_gmt":"2024-08-05T13:30:55","slug":"applied-optimization-problems-apply-it","status":"publish","type":"chapter","link":"https:\/\/content.one.lumenlearning.com\/calculus1\/chapter\/applied-optimization-problems-apply-it\/","title":{"raw":"Applied Optimization Problems: Apply It","rendered":"Applied Optimization Problems: Apply It"},"content":{"raw":"<section class=\"textbox learningGoals\">\r\n<ul>\r\n\t<li>Tackle business problems to find the best ways to increase profits, minimize costs, or maximize revenue<\/li>\r\n\t<li>Use optimization methods to solve problems involving geometry<\/li>\r\n<\/ul>\r\n<\/section>\r\n<h2>Maximizing Profits, Minimizing Materials: Calculus in the Beverage Industry<\/h2>\r\n<p>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.<\/p>\r\n<p>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!<\/p>\r\n<section class=\"textbox tryIt\" aria-label=\"Try It\">\r\n<p>[ohm_question hide_question_numbers=1]288068[\/ohm_question]<\/p>\r\n<\/section>","rendered":"<section class=\"textbox learningGoals\">\n<ul>\n<li>Tackle business problems to find the best ways to increase profits, minimize costs, or maximize revenue<\/li>\n<li>Use optimization methods to solve problems involving geometry<\/li>\n<\/ul>\n<\/section>\n<h2>Maximizing Profits, Minimizing Materials: Calculus in the Beverage Industry<\/h2>\n<p>In this apply-it task, we&#8217;ll explore how calculus can be applied to real-world business decisions in the beverage industry. We&#8217;ll focus on a Thai beverage company that&#8217;s aiming to optimize its operations through careful analysis of pricing, revenue, and packaging design.<\/p>\n<p>By working through these problems, you&#8217;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&#8217;s dive in and discover how mathematics can drive efficiency and profitability in the beverage industry!<\/p>\n<section class=\"textbox tryIt\" aria-label=\"Try It\">\n<iframe loading=\"lazy\" id=\"ohm288068\" class=\"resizable\" src=\"https:\/\/ohm.lumenlearning.com\/multiembedq.php?id=288068&theme=lumen&iframe_resize_id=ohm288068&source=tnh\" width=\"100%\" height=\"150\"><\/iframe><br \/>\n<\/section>\n","protected":false},"author":15,"menu_order":15,"template":"","meta":{"_candela_citation":"[]","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"part":292,"module-header":"apply_it","content_attributions":[],"internal_book_links":[],"video_content":null,"cc_video_embed_content":{"cc_scripts":"","media_targets":[]},"try_it_collection":null,"_links":{"self":[{"href":"https:\/\/content.one.lumenlearning.com\/calculus1\/wp-json\/pressbooks\/v2\/chapters\/3442"}],"collection":[{"href":"https:\/\/content.one.lumenlearning.com\/calculus1\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/content.one.lumenlearning.com\/calculus1\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/calculus1\/wp-json\/wp\/v2\/users\/15"}],"version-history":[{"count":4,"href":"https:\/\/content.one.lumenlearning.com\/calculus1\/wp-json\/pressbooks\/v2\/chapters\/3442\/revisions"}],"predecessor-version":[{"id":4552,"href":"https:\/\/content.one.lumenlearning.com\/calculus1\/wp-json\/pressbooks\/v2\/chapters\/3442\/revisions\/4552"}],"part":[{"href":"https:\/\/content.one.lumenlearning.com\/calculus1\/wp-json\/pressbooks\/v2\/parts\/292"}],"metadata":[{"href":"https:\/\/content.one.lumenlearning.com\/calculus1\/wp-json\/pressbooks\/v2\/chapters\/3442\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/content.one.lumenlearning.com\/calculus1\/wp-json\/wp\/v2\/media?parent=3442"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/calculus1\/wp-json\/pressbooks\/v2\/chapter-type?post=3442"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/calculus1\/wp-json\/wp\/v2\/contributor?post=3442"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/calculus1\/wp-json\/wp\/v2\/license?post=3442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}