Assignment No 1.

Note: 1) Make a group of 6 students only for collection of the data required for the
assignment.

2) The students in a group should solve and analyse independently for submission
of the assignment.

3) There are two questions. Students should do any ONE out of following two.

4) These questions should be solved using linear programming.

Q: Maximizing profit per sq ft (square foot) for a retail outlet.

Choose a retail outlet of your interest (Organized retail players will be the best
option). Understand the space allocation for different categories of products (staples,
FMCG, fruits and vegetables, plastics, other utilities, basic garments...etc...).
Understand the margin structure of each category. Understand the spatial (space) as
well as other constraints under which the shop is operating. Understand the sale
patterns of each category and stock requirements. Understand the refilling patterns
of different categories.

1. Formulate a Linear Programming Model to maximize profit per square foot.

2. Solve it using solver.
3. Make a space allocation plan for that shop based on your calculations and
make recommendations to the shop owner/company.
4. Document all your hurdles and how you overcame them.
5. Make a comprehensive report about the whole chain of events and report as
Assignment 1

Or

Q: Maximize the profit for different flavors of ice-cream.

An ice-cream parlor sells ice creams of various flavors in different sizes (small cups,
large cups, family packs etc.) These ice-creams are procured in packages of different
sizes and each package would have a number of ice-creams. The packages are stored
in deep freezers at the outlet.
1. 1. Visit an ice-cream parlor and formulate the linear programming model to
maximize the profit.
2. Solve the problem using Excel- solver.
3. Document all your hurdles and how you overcame them.
4. Make a comprehensive report about the whole chain of events and report as
Assignment 1
Note: 1) List the assumptions made.
2) Keep in mind the constraints like storage capacity, demandetc.)
 Assignment no. 2

Note: Make a group of 6 students.

Topic: Queuing Theory

1. Select any place where queues are formed for getting service. (For e.g. Banks,
hotels, billing counters in the malls etc.)
2. Visit the place. Study the elements of the queuing system.
3. Prepare data sheet giving the operating characteristics of queuing system for
the data collected during peak hours over few days.
4. Find one of the suitable models that approximately represent the system and
calculate the operating characteristics.
5. Compare the results obtained using the formulae with actual results obtained
from the data sheet.
6. Carry out simulation based on available data.
7. Arrive at conclusions, recommendations and suggestions.
8. Submit your assignment in the form of report.