Question: can someone please help me complete this 1 7.4 Huff Model for Retail Outlet Location: Carry on the copy center problem Assume that the copy
can someone please help me complete this
1 7.4 Huff Model for Retail Outlet Location: Carry on the copy center problem Assume that the copy center has been established by location A (2, 2). Assume each customer order may worth about $10. Assume 1-2 If we want to open a completing store at B43.2), but with twice the capacity of the existing copy center, how much market share would we expect to capture? 2 LE 100 *W=3 L Step 1: Calculate travel distance Customer Location Site ) 2 Proposed (3,2) Existing (2,2) 3 4 Step 2: Calculate attractions Customer Location (1) Site (0) 2 Proposed S1 - 2 Existing S2 - 1 Total attraction 4 Step 3: Calculate probability Customer Location Site 2 Proposed Existing 4 Step 4: Calculate Monthly Expenditures and Market share Site() Customer Location D 1(700) 2(100) 3(300) 4(500) Monthly Total Market share Proposed Existing Total SIPE
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
