The company has $2,000,000 available to pay start up costs for new operations in the coming year. additionally, there are five possible sites for lunch counter operations, seven possible mall locations, and three possible stand-alone locations. the company wants to plan its expansion in a way that maximizes annual returns and the number of jobs created.
1. formulate the molp for this problem.
2. implement the model in a spreadsheet.
3. determine the best possible value for each objective in the problem.
4. implement the model in a spreadsheet and solve it to determine the solution that minimizes the maximum percentage deviation from the optimal objective function values. what solution do you obtain?
5. suppose management considers maximizing returns three times as important as maximizing the number of jobs created. what solution does this suggest?
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The company has $2,000,000 available to pay start up costs for new operations in the coming year. ad...
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