Find the minimum cost solution for the transportation problem detailed in the table below. Costs D2 Supply $1 12 20 14 11 60 S2 S3 Demand D1 30 10 20 40 a. Is the transportation problem balanced [Select] unbalance [Select] D3 5 12 25 55 Y 30 b. Using the intuitive method, what the the total cost of the initial solution? [Select] 75 , if not, where is the c. Based on the Stepping Stone Method (solver), what is the optimal solution? $ [Select] d. If 10 units were required to be shipped from S1 to D1, what would be the overall cost? [Select]
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- .Consider the following matrix for transportation problem: using VAM as IBFS and apply Modi method to find out the optimal solution. Market-1 Market-2 Market-3 SupplyCompany-1 5 4 6 65Company-2 7 4 7 42Company-3 8 6 7 43Demands 70 30 50 BalancedGrand Styles Furniture Store is overstocked in (has excess inventory of) one type of chair. Based on the Price-Demand Relationship, what advice would you provide to the store manager to deal with this problem? Fancy Fashions sells jeans for $59 and sweaters for $39. To increase sales of jeans and sweaters, Fancy Fashions promotes this Product Price Bundle: “Buy a pair of jeans and a sweater for $98”. Will this Product Price Bundle will work well to increase the sales of jeans and sweaters?Recall the model dP о(D — S) dt D Dmaz – epP %3D S esP where P is price, D is demand, and S is supply. a. Suppose that the government stimulates the economy by altering es to keep supply the same (solve for es(I) in terms of Dmaz (I) in the supply equation) . What happens to prices? b. What happens to the equilibrium price and supply if we instead make ep a func- tion of I? Did you make ep an increasing or decreasing function, and why?
- A trucking firm handles four commodities for a particular distributor. Total shipments for the commodities in the years 2000 and 2015, as well as the prices in the year 2000, are reported in the following table. Commodity Shipments Price/Shipment2000 2000 2015 A 120 90 $1,200 B 86 73 $1,800 C 35 50 $2,000 D 60 70 $1,500 Develop a weighted aggregate quantity index with a 2000 base. (Round your answer to the nearest integer.) I2015 = ______Answer questions 5 & 6 based on the following information. A weekly sports magazine publishes a special edition for the World Series. The sales forecast is for the number of copies to be normally distributed with a mean of 800,000 copies and a standard deviation of 60,000 copies. It costs $0.35 to print a copy, and the newsstand price is $1.95. Unsold copies will be scrapped. Your job is to calculate the number of copies that should be printed. First, calculate P(demandXYZ Co. has provided the following data seeking your advice on the optimum investment strategy: Investment at the beginning of the year Net return data of selected investments Amount P Q R S available (£) 1 95 80 70 60 70 2 75 65 60 50 40 3 70 45 50 40 90 4 60 40 40 30 30 Maximum Investment (£) 40 50 60 60 The following additional information is also provided: o P, Q, R and S represent the selected investments o The company has decided to have four years investment plan o The policy of the company is that the amount invested in any year will remain so until the end of the fourth year o The values in the table represent net returns on investment of £1 till the end of the planning horizon Determine the optimal investment strategy. You may use the transportation techniqueUse the information given below to calculate the most economic quantity to order each time for2023 (expressed to next whole number). INFORMATION: Milton Wholesalers expects to sell approximately 3 600 cases of soap per month during 2023. Each case ofsoap costs R200. The cost of placing an order for soap is estimated to be R20. The inventory holding costof one case of soap is 5% of the unit purchase price.Walker Accounting Software is marketed to smallaccounting firms throughout the U.S. and Canada. Owner GeorgeWalker has decided to outsource the company’s help desk and isconsidering three providers: Manila Call Center (Philippines),Delhi Services (India), and Moscow Bell (Russia). The following table summarizes the data Walker has assembled. Which outsourc-ing firm has the best rating? (Higher weights imply higher impor-tance and higher ratings imply more desirable providers.) PX PROVIDER RATINGS CRITERION IMPORTANCEWEIGHT MANILA DELHI MOSCOWFlexibility 0.5 5 1 9Trustworthiness 0.1 5 5 2Price 0.2 4 3 6Delivery 0.2 5 6 6The lease cost for a specialized highway design software package is estimated to be $13,000 for each of years 1, 2, and 3 (future dollars). (a) Calculate the CV amount today (year 0) of each future cost estimate at the inflation rate of 6% per year. (b) Develop a spreadsheet and graph for inflation rates of 3%, 6%, and 8% per year that show the CV today.Q1 Cars are shipped from three distribution centres to five dealers. The shipping cost is based on the mileage between the sources and the destinations and is independent of whether the truck makes the trip with partial or full loads. Table Q1 summarizes the mileage between the distribution centres and the dealers together with the monthly supply and demand figures given in number of cars. A full truckload includes 18 cars. The transportation cost per truck mile is $25. Table Q1: The mileage between distribution centres Dealer Supply 1 2 3 4 1 100 150 200 140 35 400 Centre 2 50 70 60 65 80 200 3 40 100 150 130 150 Demand 100 200 150 160 140 (a) Formulate the associated transportation model. (b) Determine the optimal shipping schedule.Q1 Cars are shipped from three distribution centres to five dealers. The shipping cost is based on the mileage between the sources and the destinations and is independent of whether the truck makes the trip with partial or full loads. Table Q1 summarizes the mileage between the distribution centres and the dealers together with the monthly supply and demand figures given in number of cars. A full truckload includes 18 cars. The transportation cost per truck mile is $25. Table Q1: The mileage between distribution centres Dealer Supply 1 2 3 4 1 100 150 200 140 35 400 Centre 50 70 60 65 80 200 3 40 90 100 150 130 150 Demand 100 200 150 160 140 (a) Formulate the associated transportation model. (b) Determine the optimal shipping schedule. (Hint: Supplyldemand quantities are expressed in truck loads, determined by dividing the number of cars by 18 and rounding the result up if necessary.)Find an initial basic feasible solution for a given transportation problem by using Vogel's approximation method D1 D2 D3 D4 Supply S1 11 13 17 14 250 S2 16 18 14 10 300 S3 21 24 13 10 400 Demand 200 225 275 250SEE MORE QUESTIONS