Question: is this correct need help finding the constraints also M N You're the Northeast regional manager for a dozen boutiques that specialize in ladies accessories
is this correct need help finding the constraints also
M N You're the Northeast regional manager for a dozen boutiques that specialize in ladies accessories - belts, handbags, shoes and scarves Corporate has decided to branch into luxury brands such as Prada. Hemes, Louis Vitton and Jimmy Choo Each store is about 2,000 sq feet with about 30% of the square feet allocated to aisles, sitting areas, restrooms and sales check-out counters The remaining square footago is for displays, Corporate wants the display square footage for luxury brands to be no more than 25% of the display square footage for standard brands. Corporate also wants the display square footage for standard brands to occupy at least 60% of the total display square footage Standard brands tum over about three times a week. Luxury brands tum over about once a week, The store is open 50 weeks per year. The profit per square foot of display, per tumover for standard brands, is about $250 The profit per square foot of display, per tumover for luxury brands is about $1,100. You must decide how the square footage for displays should be divided between standard and luxury brands so as to maximize annual profit Formulate the problem as a linear programming model. DO NOT SOLVE. Formulate only Let S = square footage devoted to standard brands L - square footage devoted to luxury brands Write the objective function here: Maxz = 2505 +1100L Write all the constraints here: 5>
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
