The hourly profit made when selling the product at price
P and the product is displayed at height
H [cm] on the shelf.
the selling price of the product. The default amount, if unspecified, is €3.46.
the display height of the product, as measured from the ground up. The default value, if unspecified, is 150cm.
This function simulates the hourly profit in a grocery store of selling a particular product.
Two factors can be adjusted by the user to determine the optimum:
P: The selling price of the product (must be a positive value).
H: The height that the product is displayed at (must be a positive value).
Can you determine the best combination of conditions, using a systematic method (i.e. not by trial and error)?
Returns the hourly profit made. Random noise is added for some realism.
Kevin Dunn, <[email protected]>
Please see Chapter 5 of the following book: Kevin Dunn, 2010 to 2019, Process Improvement using Data, https://learnche.org/pid
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# Selling at the default settings of price (€3.46) # and shelf height (150cm): grocery() # Let's try selling for a low price, €2.75, # and put the product 120 cm off the ground grocery(P=2.75, H=120) # What happens if the product is too high # for the average person? grocery(P=1.25, H=200) # Can you find the optimum combination of settings to # maximize the profit, but using only a few experiments?
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