4. The ICARE Company has three plants located throughout astate with production capacity 50, 75 and 25 gallons. Eachday the firm must furnish its four retail shops R1, R2, R3, &R4 with at least 20, 20, 50, and 60 gallons respectively. Thetransportation costs (in Rs.) are given below. The economicproblem is to distribute the available product to different retailshops in such a way so that the total transportation cost isminimum?Apply Vogel's Approximation Method and solve thefollowing table.RetailCompanyR1 R2P135P22P33Demand 20 2055656R3R47896225060Supply507525

The Vogel's approximation method is an iterative procedure to minimize the transportation cost or…

Answered: 4. The ICARE Company has three plants…

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...

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What is the total effect on the economy of a government tax rebate of $1,000 to each household in order to stimulate the economy if each household will spend 90% of the rebate in goods and services?
i. What is the total cost?
ii. What is the total cost?
A publishing company sells 400,000 copies of a certain book each year. Ordering the entire amount printed at the beginning of the year ties up valuable storage space and capital. However, printing the copies in several partial runs throughout the year results in added costs for setting up each printing run, which costs $1000. The carrying costs, figured on the average number of books in storage, are $.50 per book. Find the most economical lot size, that is, the production run size that minimizes the total setting up andcarrying costs.
Bruno Fruscalzo decided to start a small production facility in Sydney to sell gelato to the local restaurants. His local milk supplier charges $0.50 per kilogram of milk plus a $15 delivery fee (the $15 fee is independent of the amount ordered). Bruno's holding cost is $0.03 per kilogram per month. He needs 8,250 kilograms of milk per month. Suppose Bruno orders 10,000 kilograms each time. What is his average inventory (in kilograms)? Suppose Bruno orders 6,250 kilograms each time. How many orders does he place with his supplier each year? Note: Round your answer to 1 decimal place. How many kilograms should Bruno order from his supplier with each order to minimize the sum of the ordering and holding costs? If Bruno's storage vessel can hold only 2,000 kilograms of milk, what would be Bruno's annual ordering and holding costs if he orders this amount? If Bruno's storage vessel can hold only 7, 000 kilograms of milk, what would be Bruno's annual ordering and holding costs if he orders…
Bruno Fruscalzo decided to start a small production facility in Sydney to sell gelato to the local restaurants. His local milk supplier charges $0.5 per kg of milk plus a $15 delivery fee (that is independent of the amount ordered). Bruno's holding cost is $0.03 per kg per month. He needs 9250 kgs of milk per month. a. Suppose Bruno orders 9750 kgs each time. What is his average inventory (kgs)? (Round your answer to 1 decimal place.) b. Suppose Bruno orders 6250 kgs each time. How many orders does he place with his supplier each year? C. How many kgs should Bruno order from his supplier with each order to minimize the sum of ordering and holding costs? (Do not round intermediate calculations. Round your answer to 2 decimal places.) If Bruno's storage vessel can hold only 2000 kgs of milk, what would be Bruno's annual ordering and holding costs? (Do not round intermediate calculations. Round your answer to 2 decimal places.) If Bruno's storage vessel can hold only 5750 kgs of milk,…
A factory manufactures three products, A, B, and C. Each product requires the use of two machines, Machine I and Machine II. The total hours available, respectively, on Machine I and Machine II per month are 7,080 and 8,120. The time requirements and profit per unit for each product are listed below.
A manufacturer has a steady annual demand for 10,850 cases of sugar. It costs $7 to store 1 case for 1 year, $31 in set up cost to produce each batch, and $15 to produce each case. Find the number of cases per batch that should be produced to minimize cost. The manufacturer should produce cases per batch. (Round to the nearest whole number as needed.)
2. A lady owns a boutique that sells jewelry made by her husband and other local artists. She is considering expanding the business by opening a second store. The current store has 1200 ft of retail and 400 ft’ of space for administrative offices. For the new store she would like to double the retail space and triple the administrative space of the current store. At the time the current shop was purchased, retail space sold for $75/ft and general office space cost $30/ft. The cost indexes at the time were 153 for retail space and 120 for office space. The costs indexes are now 140 for retail space and 132 for office space. Estimate the cost for her to purchase a second store.
A campus student group is raising funds for charity by selling cups of boba tea. The expenses incurred by this student group are the cost of materials, estimated at $2 per cup (tea, boba, milk, sugar, cups, the big honking straws, napkins, etc.) and the $150 cost of renting the brewing and cooking space. The group will charge students $4 for each cup.a. Write down the associated cost, revenue, and profit functions. b. How many cups of boba must they sell to break even?c. What profit (or loss) results from the sale of 50 cups?
(I) the amount of canvas needed to cover this Tempo shelter. Note that thisShelter contains five canvases, two canvases for the walls, two canvases for the roof and one for the back wall. There's no canvas on the front of the shelter.(ii) the company's net profit for 10 identical Tempo shelter facilities.Please note that the canvas sells for $ 10.95 / m2 and we can sew it andcut it as we wish. The hourly salary of employees of " allto roof " is $ 17 / h and an employee works for six hours in order to sewshelter. The price charged to customers for a Tempo shelter is $1,600. Choices of awnsersa) i. 20,45 m2 ii. 12 740,70 $b) i. 16,20 m2 ii. 13 658, 70 $c) i. 15,72 m2 ii. 1 274,07 $d) i. 12,35 m2 ii. 13 206, 10 $
The fixed cost of a ceramic company is 1800 OMR. The raw material cost is 12 RO per unit, cost of labour per unit is RO 6 and overhead costs are 1.500 RO per unit. If the company produces 2000 units, find the total cost. a. RO 24,800 b. RO 40,800 c. RO 39,000 d. RO 36,000

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