Question Help Jaycee's department store chain is planning to open a new store. It needs to decide how to allocate the 100,000 square feet of available floor space among seven departments. The accompanying data includes the expected performance of each department per month, in terms of square feet (sf). The company has gathered $20 million to invest in floor stock. The risk column is a measure of risk associated with investment in floor stock based on past data from other stores and accounts for outdated inventory, pilferage, breakage, and so on. For instance, electronics loses 24% of its total investment, furniture loses 12% of its total investment, and so on. The amount of risk should be no more than 10% of the total investment. Assume that it is not required that the entire available floor space be used. Answer parts a and b below. Click here to view thn nennt 160 of 13.6.31 Question Help cee's department store chain is planning to open a new store. It needs to decide how to allocate the 100,000 uare feet of available floor space among seven departments. The accompanying data includes the expected rformance of each department per month, in terms of square feet (sf). The company has gathered $20 million to west in floor stock. The risk column is a measure of risk associated with investment in floor stock based on past data om other stores and accounts for outdated inventory. pilferage, breakage, and so on. For instance, electronics loses 0 Expected Performance Data BED TO Risk as a % of $ invested 24 12 Department Electronics Furniture en's Clothing Clothing Jewelry Books Appliances Investnyent/st $100 $50 $30 $600 $900 $50 $400 5 Minimum sf 6,000 10,000 2,000 2,000 1,000 1.000 12,000 Maximum sf 30,000 30,000 5,000 41,000 11,000 5,000 41,000 Expected Profit per sf $12.00 $6.00 $3.00 $30.00 $20.00 $1.00 $14.00 10 14 2 3 Print Done Total profit = $ Enter your answer in the edit fields and then click Check Answer ? 1 par Clear All Chock Answer remaining MacBook Air Jaycee's department store chain is planning to open a new store. It needs to decide how to allocate the 100,000 square feet of available floor space among seven departer department per month, in terms of square feet (sf). The company has gathered $20 million to invest in floor stock. The risk column is a measure of risk associated with inve for outdated inventory, pilferage, breakage, and so on. For instance, electronics loses 24% of its total investment, furniture loses 12% of its total investment, and so on. The Assume that it is not required that the entire available floor space be used. Answer parts a and b below. Click here to view the expected performance data. a. Develop a linear optimization model to maximize profit. Complete the table below to indicate the number of square feet per department, and then give the total profit. Square feet Electronics Furniture Men's Clothing Clothing Jewelry Books Appliances Total profits (Type integers or decimals rounded to two decimal places as needed.) Enter your answer in the edit fields and then click Check Answer. 1 part remaining Clear All data-6_7_2020.xlsx LP Examples (4) MacBook Air 80 888 Question Help Jaycee's department store chain is planning to open a new store. It needs to decide how to allocate the 100,000 square feet of available floor space among seven departments. The accompanying data includes the expected performance of each department per month, in terms of square feet (sf). The company has gathered $20 million to invest in floor stock. The risk column is a measure of risk associated with investment in floor stock based on past data from other stores and accounts for outdated inventory, pilferage, breakage, and so on. For instance, electronics loses 24% of its total investment, furniture loses 12% of its total investment, and so on. The amount of risk should be no more than 10% of the total investment. Assume that it is not required that the entire available floor space be used. Answer parts a and b below. Click here to view thn nennt 160 of 13.6.31 Question Help cee's department store chain is planning to open a new store. It needs to decide how to allocate the 100,000 uare feet of available floor space among seven departments. The accompanying data includes the expected rformance of each department per month, in terms of square feet (sf). The company has gathered $20 million to west in floor stock. The risk column is a measure of risk associated with investment in floor stock based on past data om other stores and accounts for outdated inventory. pilferage, breakage, and so on. For instance, electronics loses 0 Expected Performance Data BED TO Risk as a % of $ invested 24 12 Department Electronics Furniture en's Clothing Clothing Jewelry Books Appliances Investnyent/st $100 $50 $30 $600 $900 $50 $400 5 Minimum sf 6,000 10,000 2,000 2,000 1,000 1.000 12,000 Maximum sf 30,000 30,000 5,000 41,000 11,000 5,000 41,000 Expected Profit per sf $12.00 $6.00 $3.00 $30.00 $20.00 $1.00 $14.00 10 14 2 3 Print Done Total profit = $ Enter your answer in the edit fields and then click Check Answer ? 1 par Clear All Chock Answer remaining MacBook Air Jaycee's department store chain is planning to open a new store. It needs to decide how to allocate the 100,000 square feet of available floor space among seven departer department per month, in terms of square feet (sf). The company has gathered $20 million to invest in floor stock. The risk column is a measure of risk associated with inve for outdated inventory, pilferage, breakage, and so on. For instance, electronics loses 24% of its total investment, furniture loses 12% of its total investment, and so on. The Assume that it is not required that the entire available floor space be used. Answer parts a and b below. Click here to view the expected performance data. a. Develop a linear optimization model to maximize profit. Complete the table below to indicate the number of square feet per department, and then give the total profit. Square feet Electronics Furniture Men's Clothing Clothing Jewelry Books Appliances Total profits (Type integers or decimals rounded to two decimal places as needed.) Enter your answer in the edit fields and then click Check Answer. 1 part remaining Clear All data-6_7_2020.xlsx LP Examples (4) MacBook Air 80 888