Question: NO USING SOLVER PLEASE MANUALLY JUST DO IT ON EXCEL OMG 1. The A corporation plans on building a maximum of 11 new stores in

NO USING SOLVER PLEASE MANUALLY JUST DO IT ON EXCEL OMG

1. The A corporation plans on building a maximum of 11 new stores in a large city. They will build these stores in one of three sizes for each location a convenience store (open 24 hours), standard store, and an expanded services store. The convenience store requires $4.125 million to build and 30 employees to operate. The standard store requires $8.25 million to build and 15 employees to operate. The expanded-services store requires $12.375 million to build and 45 employees to operate. The corporation can dedicate $82.5 million in construction capital, and 300 employees to staff the stores. On the average, the convenience store nets $1.2 million annually, the standard store nets $2 million annually, and the expanded services store nets $2.6 million annually. How many of each should they build to maximize revenue? Formulate the model for this problem in excel. Let X1 = # of convenience store X2 = # of standard store X3 = # of expanded-services store

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!