a. In Problem 42, Mega-Mart is considering purchasing a parcel of land adjacent to the currentsite on which it plans to build its store. The cost of the parcel is $190,000, and it would enableMega-Mart to increase the size of its store to 160,000 square feet. Discuss whether Mega-Martshould purchase the land and increase the planned size of the store.b. Suppose that the profit per square foot will decline in all departments by 20% if the store sizeincreases to 160,000 square feet. (If the stock does not turn over as fast, increasing inventorycosts will reduce profit.) How might this affect Mega-Mart's decision in (a)? Mega-Mart, a discount store chain, is to build a new store in Rock Springs. The parcel of land thecompany has purchased is large enough to accommodate a store with 140,000 square feet of floorspace. Based on marketing and demographic surveys of the area and historical data from its otherstores, Mega-Mart estimates its annual profit per square foot for each of the store's departmentsto be as shown in the following table.Each department must have at least 15,000 square feet of floor space, and no departmentcan have more than 20% of the total retail floor space. Men's, women's, and children's cloth-ing plus housewares keep all their stock on the retail floor; however, toys, electronics, and autosupplies keep some items (such as bicycles, televisions, and tires) in inventory. Thus, 10% of thetotal retail floor space devoted to these three departments must be set aside outside the retail areafor stocking inventory. Mega-Mart wants to know the floor space that should be devoted to eachdepartment to maximize profit.a. Formulate a linear programming model for this problem.b. Solve this model by using the computer.DepartmentMen's clothingWomen's clothingChildren's clothingToysHousewaresElectronicsAuto suppliesProfit per ft.²$4.255.104.505.204.104.903.80

Objective Functions and Constraints: Based on the given details, the objective…

Answered: a. In Problem 42, Mega-Mart is…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

Sigma Airway: In 2021, Sigma Airway was considering the possibility of adding a new economy class to the two existing classes - first class and tourist -in the hope that the total contribution to its profit from fares might be increased. Ms. Somsri, the marketing manager for Sigma had to decide within the next week whether or not to introduce such as a change. If introduced, the new class would have to be retained for at least 100 days. Somsri felt that the essential question to be answered in her analysis was whether such a deal would attract sufficient new customers to offset the loss of revenue from existing tourist customers switching to the lower-contribution economy class. Somsri, having had some experience with these problems in the past, made the following assessments: On an average day she felt that there was a 1 in 3 chance that 200 new customers would be attracted to the new class, a 1 in 3 chance at the figure would be around 100 new customers, and a 1 in 3 chance that it…
Prepare a proposal that covers the following:1. The logistics team decided that missing guaranteed deadlines and late delivery of goods and increase in themotor vehicles gas bill are identifiable control problems. You are asked to analyse these issues and presentyour evaluation of these, as well as present one resolution to each issue mentioned
Minimize Subject to z = 3x + y 3y + 5x > 30 6y + 4x 40 y + x 8 X 0 Y > 0 Solve this using the graphical method. Be sure to clearly show all steps: • Sketch the feasible region ● Determine the corner points Determine the minimum of the objective function ● Upload a picture showing your work here: Choose File No file chosen
Instructions to submit answer for homework questions are as follow: They have given you four spaces to fill in for “up-to” four corner points. If your feasible region has only three corner points, for instance, then you MUST put in “None” (“none” or “NONE” for example, would not work) for the X and Y coordinates of the last corner point and not leave it blank
instructors to be assigned to four different courses. All of the instructors bave taught the courses in 7. The Busines management Department head of Rift valley universityDireDawa campushas ive and have been evaluated by the students. The rating for each instructor for each course is given the following table (a perfect score is 100% The department head wants to know the otimal sienment of instructors to courses that will makimize the overall average evaluation The instructor who is not assigned to teach a course will be assigned to grade exams. Course Instructor A. 80 75 90 85 95 90 90 97 85 95 88 21 84 93 91 80 91 92 93 88
Kathy receives her real estate license. Within a month of receiving her license, she gets a new job offer she can't refuse. She decides to continue to hold her license but not practice, do any real estate work, or collect any referrals at this time. She is willing to renew her license, do her continuing education, and pay the renewal fee for her license. What should Kathy do? ○ Opt not, renew her license or complete the educational requirements ○ Seek a voluntary inactive license. Seek an involuntary inactive license. Seek a broker who will not be upset if she does not work too hard.
site an example where a company has taken a Business decision in response to the external environment of its business. which of the 6 factor of the external environment do you think drove them to take this decision.
Subject: accounting f the net book value of a building is ₺ 100.000, its fair value is ₺ 80.000 and value in use is ₺ 75.000, then what is the amount of impairment loss, if any?
The Sam & Irene Black School of Business at Penn State Erie, The Behrend College, has the facilities and faculty to accommodate an enrollment of 1,500 new students per academic year. Yet, to maintain small class sizes (less than 45), the school's chancellor, Ralph Ford, placed a ceiling of 1,300 on the enrollment of new students. Despite a healthy demand for business courses in the previous academic year, only 1,250 students took business courses because of their conflicting schedules. What is the capacity utilization for this system? Between 60% to 70% Lower than 60% Between 70% to 80% Higher than 90% Between 80% to 90%
19- The particular importance of combining online and offline channels lay in the additional advantages that are related to: Select one: a. Internet-based service offering benefits b. the specific cost structure of the Internet. c. Both an Internet-based service offering benefits and the specific cost structure of the Internet are correct d. Both an Internet-based service offering benefits and the specific cost structure of the Internet are wrong
CHOSEN COMPANY: Pizza Hut and Domino’s Pizza 1. Choose two similar type of companies or organizations (for example Jollibee and McDonalds). Discuss how they provided the needs of their customers in terms of providing facilities and other additional services to the following groups: a. Parents with toddlers b. For an old person with a walking stick c. For someone in a wheelchair d. For heavily pregnant women. 2. Based on the current facilities and other additional services given by your chosen organization, suggest additional facilities or services that they can provide the group of people stated above. 3. From your chosen companies or organization, describe how they provide customer service before the transaction, during the transaction, and after the transaction.
Use excel and show formulas Benson Enterprises is deciding when to replace its old machine. The machine’s current salvage value is $1.2 million. Its current book value is $1 million. If not sold, the old machine will require maintenance costs of $420,000 at the end of the year for the next five years. Depreciation on theold machine is $200,000 per year. At the end of five years, it will have a salvage value of $220,000. A replacement machine costs $3.5 million now and requires maintenance costs of $160,000 at the end of each year during its economic life of five years. At the end of five years, the new machinewill have a salvage value of $540,000. It will be fully depreciated using the three-year MACRS schedule. In five years a replacement machine will cost $4,000,000. Pilot will need to purchase this machine regardless of what choice it makes today. The corporate tax is 35 percent and theappropriate discount rate is 10 percent. The company is assumed to earn sufficient revenues to…

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS