1. A marble producer has 3 marble quarries that send marbles to warehouses in four regions. The exact amount of marble to be transported from each quarry this week is as follows: Amount of Marble to be Quarries Transported (tonnes) 1 200 100 3 150 Transportation costs per ton from each quarry to warehouse in each region are shown in the table below. Transportation Costs per tonnes (thousand TL) Quarries Warehouse 1 Warehouse 2 Warehouse 3 Warehouse 4 1 1 6 3 2 3 4 3 4 2 The marble need of each warehouse for the next week is shown in the table below. Warehouse 1 80 tonnes Warehouse 2 Warehouse 3 Warehouse 4 90 tonnes 100 tonnes 70 tonnes The marble producer wants to determine how much marble should be sent from which quarry to which warehouse next week to minimize the total transportation cost. Formulate a linear programming model required to solve this transportation problem 52
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.
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