In the RedBrand problem with shrinkage, changethe assumptions. Now instead of assuming thatthere is some shrinkage at the warehouses, assumethat there is shrinkage in delivery along each route.Specifically, assume that a certain percentage ofthe units sent along each arc perish in transit—fromfaulty refrigeration, say—and this percentage candiffer from one arc to another. Modify the modelappropriately to take this type of behavior intoaccount. You can make up the shrinkage factors,and you can assume that arc capacities apply tothe amounts originally shipped, not to the amountsafter shrinkage. (Make sure your input data permita feasible solution. After all, if there is too muchshrinkage, it will be impossible to meet demands withavailable plant capacity. Increase the plant capacitiesif necessary.)
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
In the RedBrand problem with shrinkage, change
the assumptions. Now instead of assuming that
there is some shrinkage at the warehouses, assume
that there is shrinkage in delivery along each route.
Specifically, assume that a certain percentage of
the units sent along each arc perish in transit—from
faulty refrigeration, say—and this percentage can
differ from one arc to another. Modify the model
appropriately to take this type of behavior into
account. You can make up the shrinkage factors,
and you can assume that arc capacities apply to
the amounts originally shipped, not to the amounts
after shrinkage. (Make sure your input data permit
a feasible solution. After all, if there is too much
shrinkage, it will be impossible to meet demands with
available plant capacity. Increase the plant capacities
if necessary.)
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