pranyaoptimalpricingmodel1 0.0.1

An optimal pricing model that can be used for any new product launched in the market.

This is an optimal pricing model and loan allotment model based on ROI.

There are two functions within, one for each model.

calc_new_prod_price(var_cost_list, max_qty, max_price, fixed_cost, profit_margin)

This function has to be called for determining the optimal price of a new product entering the market. It takes the following arguments:

var_cost_list : (compulsory) Takes a list of variable cost inputs per unit of product.

max_qty : (compulsory) Takes an integer input of the maximum quantity that can be produced of the product.

max_price : (compulsory) Takes a numeric input of the maximum price that can be set for the product based on precedent or industry standards.

fixed_cost : (compulsory) Takes a numeric input of the fixed costs incurred while producing the product regardless of the quantity produced.

profit_margin : (optional) Takes a numeric input and allows the user to provide their desired profit margins for optimal pricing. In case it is left blank, a default profit margin will be calculated via mathematical formulas.

loan_alloc(total_fund, percent_alloc, i, signs)

This function has to be called for estimating the loan allotment for each category. The function takes the following arguments:

total_fund: (Compulsory) Takes a numeric input of the total fund that the bank has available for loan allotment.

percent_alloc: (Compulsory) Takes a list input of numeric data for the percentage of the total fund allotted to each loan category.

i: (Compulsory) Takes a list input of numeric data for the Rate of Interest associated with each loan category.

signs: (Compulsory) Takes a list input of string type for the sign of the constraint i.e. “<=“ or “>=“

CHANGE LOG

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0.0.1 (04/11/2022)

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• First Release