Question: At the grocery store Cliara - Mart, shelf space is limited and must be used effectively to INCREASE PROFIT. As the newly hired analyst for
At the grocery store CliaraMart, shelf space is limited and must be used effectively to INCREASE
PROFIT. As the newly hired analyst for the store, you are tasked with proposing how much shelf
space to allocate for each product.
Here are some details to help you formulate the problem:
A box of Grano nets $ in profit and a box of Wheatie $
Two cereal items, Grano and Wheatie, compete for a total shelf space of A box of Grano
occupies and a box of Wheatie needs
It is store policy to stock a minimum of boxes of each brand.
The maximum daily demands of Grano and Wheatie are and boxes, respectively.
You are contractually obligated to ensure that Grano fills at least of the total number of
boxes.
Formulate but do not solve a linear program for this problem.
Formulation entails: clearly defining the decision variables, clearly stating the objective
function, and clearly formulating the constraints. IN EXCEL
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