Question: T . J . Maxx, a discount retail chain, is planning to construct a new store in South Bend. The land they've acquired for this
TJ Maxx, a discount retail chain, is planning to construct a new store in South Bend. The land they've acquired for this purpose is spacious enough to house a store with a total floor area of square feet. Using insights from marketing and demographic studies conducted in the region, along with historical performance data from their existing stores, TJ Maxx has calculated the expected annual profit per square foot for each department within the store, as detailed in the table below.
Department Profit per square feet $
Men's clothing
x
Women's clothing
x
Children's clothing
x
Toys
x
Housewares
x
Electronics
x
Auto supplies
x
Each department must have at least square feet of floor space, and no department can have more than of the total retail floor space. Men's, women's, and children's clothing plus housewares keep all their stock on the retail floor; however, toys, electronics, and auto supplies keep some items such as bicycles, televisions, and tires in inventory. Thus, of the total retail floor space devoted to these three departments must be set aside outside the retail area for stocking inventory. TJ Maxx wants to know the floor space that should be devoted to each department to maximize profit. Let
x
be the floor space devoted for stocking inventory.
The linear programming model for the problem is as follows:
max xxxxxxx
st
xi
i
xi ; i
xi
xi
i
; i
x
x x x
xi ; i
Use the attached R output to answer the questions that follow.
What are the optimal floor spaces in square feetEnter the values exactly as shown in the output.
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