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Implementation of Simulation to find Optimum Store Layout during Black Friday to Minimize Store Damage (2020)
S. Yoon., M. Chang., Y. Oh., Y. Park.
International Mathematical Modeling Competition South Korea Representative, Honorable Mention
During Black Friday sales, consumers often rush to grab their desired products, causing much damage to the store in the process. In the worst case, such frenzied shopping practices even cause deaths or immense loss to the shopowners. Within this report, we aim to construct two models, that differ based on consumer knowledge of the store layout, to predict the damage that will occur during Black Friday. Upon the results, we will create an optimum store layout plan that will help to minimize such damage.
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