Kroeger supermarket sells its own brand of canned peas as well as several national brands. The store makes a profit of $0.28 per can for its own peas and a profit of $0.19 for any of the national brands. The store has 6 square feet of shelf space available for canned peas, and each can of peas takes up 9 square inches of that space. Point-of-sale records show that each week the store never sales more than half as many cans of its own brand as it does of the national brands. The store wants to know how many cans of its own brand of peas of peas and how many cans of the national brands to stock each week on the allocated shelf space in order to maximize profit.
a. Formulate a linear programming model for this problem.
b. Solve the model by using graphical analysis
Vertex | x1 | x2 |
1 | ||
2 | ||
3 |
x1 | x2 | ||
optimal vertex |
optimal objective function value |
Kroeger supermarket sells its own brand of canned peas as well as several national brands. The store makes a profit of $...
M4.1 Ingalls Markets sell its own brand of canned corn as well as several national brands. The store makes a profit of $0.58 per can for its own corn and a profit of $0.46 for each can of corn for the national brands. The store can use up to 12 square feet of shelf space for canned corn and each can of corn takes up 9 square inches of shelf space. Ingalls brands always sell less than half as many...
Question 1 Luluapple makes popular clothing. A few years ago Luluapple introduced a new line of shorts, pants, and shirts. Management wants to make the amount of each product so as to maximize profits. Each type of clothing is routed through two departments A and B. The relevant data for each product are as follows: Processing time (hours) Product Department A Department B Material (meters) Shirts 2 1 2 Shorts 2 3 1 Pants 3 4 4 Department A has...
For this question, I see there is a solved answer. But I am wondering why the algebraic formula is -2X+y=0?
Freshmax, the country’s leading grocery retail chain, stocks many fast moving consumer goods (fmcg) brands marketed by New Zealand and Australian manufacturers as well as offering their own private label range of foods under the Freshies brand. The Freshies brand offers good value and cheaper prices. Soon, Freshmax will add the Simply Perfect brand range, another private label range, designed to cater for the growing demand for organic and natural foods. The growth in retailer-owned private labels or ‘house-brands’ that...
All Greens is a franchise store that sells house plants and lawn and garden supplies. Although All Greens is a franchise, each store is owned and managed by private individuals. Some friends have asked you to go into business with them to open a new All Greens store in the suburbs of San Diego. The national franchise headquarters sent you the following information at your request. These data are about 27 All Greens stores in California. Each of the 27...
All Greens is a franchise store that sells house plants and lawn and garden supplies. Although All Greens is a franchise, each store is owned and managed by private individuals. Some friends have asked you to go into business with them to open a new All Greens store in the suburbs of San Diego. The national franchise headquarters sent you the following information at your request. These data are about 27 All Greens stores in California. Each of the 27...
only a and b pt 2 for reference newsvendor model 3. The warehouse store in Problem #2 has a lot of market power. It has convinced its supplier to build a warehouse nearby and to provide vendor-managed-inventory (VMI) services - including delivery-- for free, with inventory being delivered on consignment. Under a vendor-managed inventory system, the warehouse store no longer sends orders to the supplier. Instead the supplier is responsible for managing the inventory according to some rules that are...
Tailored Brands, the Company that owns Jos. A. Banks and Men’s Wearhouse Case: In 2003 Men’s Wearhouse considered adding Complementary Merchandise and Services to Bring Value to Customers Men’s Wearhouse, Inc. is one of the largest discount men’s apparel companies in North America. The first location of this men’s specialty store was opened in August 1973 in a strip shopping center near Houston, Texas. Thirty years later, Men’s Wearhouse operates 693 stores in 44 states in America and 10 provinces...
Al Greens is a franchise store that sells house plants and lawn and garden supplies. Although Al Greens is a franchise, each store is owned and managed by private individuals. Some friends have asked you to go into business with them to open a new All Greens store in the suburbs of San Diego. The national franchise headquarters sent you the following information at your request. These data are about 27 Al Greens stores in California. Each of the 27...
Trader Joe's Keeps Things Fresh CASE 1A Trader Joe’s Keeps Things Fresh The average Trader Joe’s stocks only a small percentage of the products of local supermarkets in a space little larger than a corner store. How did this neighborhood market grow to earnings of $9 billion, garner superior ratings, and become a model of management? Take a walk down the aisles of Trader Joe’s and learn how sharp attention to the fundamentals of retail management made this chain more...