Making Decision Based on Demand and For Casting

Presented By: Earnest Lee Sims

Presented By: Dr.

Domino’s pizza is conducting data to decide to whether to open a store in Lake Providence, Louisiana. Domino’s pizza will complete an indept evaluation and research of this city to determine should they open up a store and the potential demand for the area. Domino will collect data and information on the following areas males, females, children, population, unemployment, and income and food environment. Upon collecting conduct a regression analysis. According to McCvigar. Moyer, and Harris stated that “given any particular value of (mana gerial economics, doll). We can therefore, assess demand for Domino pizza in Lake Providence, Louisiana on various factors such as population, education and food environment.
Demographic and Independent Variables
The new location of a new Domino’s pizza will be in Lake Providence, Louisiana 71254 which is located in East Carroll Parish, we will be conducting a demand analysis on Lake Providence being the only major city has a population of 3,848 in 2012 in East Carroll Parish in 2012 (city-data). The population also consists 1,728 or 44.9% males, 2,120 or 55.1% females, median resident age 31.0 years, income $19,650, number of grocery stores 3, and number of full services restaurants. Population and income will play a crucial role in Domino’s pizza decision to open up a chain in Lake Providence, Louisiana. According to McGigan, Moyer and Harris that disposable income and the ability of household to purchase goods and when prices decline purchasing power increases. We must look at the income of Lake Providence, Louisiana, being $19,650 and the population being 3,848 in determining should choose to open up a pizza a place there. We must also look at other variables such as competition and the price of Domino pizzas in East Carroll