To calculate the initial velocity of a bouncing ball released from a height of 10 meters to hit a target 40 meters away and 6 meters high, the elasticity factor and the number of bounces must be considered. The ball's height decreases by the square of the elasticity (E^2) with each bounce, affecting the time it takes to reach the target. The relationship between the number of bounces, the time to the first bounce, and the horizontal velocity is crucial for solving the problem. Understanding the elastic/inelastic ratio is essential, as it determines energy loss during bounces. Using these principles, one can derive the necessary equations to find the initial velocity needed for the ball to reach the target.