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a) Develop an optimization model (i.e., show the formulated mathematical model) whose solution would reveal which plants to build and the optimal shipping schedule.

a) Develop an optimization model (i.e., show the formulated mathematical model) whose solution would reveal which plants to build and the optimal shipping schedule.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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7. Hansen Controls has been awarded a contract for a large number of control panels. To meet this demand, it will use its existing plants in San Diego and Houston, and consider new plants in Tulsa, St. Louis, and Portland. Finished control panels are to be shipped to Seattle, Denver, and Kansas City. Pertinent information is given in the table. Shipping Cost to Destination Sources Construction Cost Seattle Denver Kansas City Сараcity San Diego 7 8 2,500 Houston 10 8 2,500 Tulsa 350,000 4 3 10,000 St. Louis 200,000 12 6 10,000 Portland 480,000 4 10 11 10,000 Demand 3,000 8,000 9,000 a) Develop an optimization model (i.e., show the formulated mathematical model) whose solution would reveal which plants to build and the optimal shipping schedule. b) Solve the model using Microsoft Excel Solver Add-in and provide your recommendation.
Transcribed Image Text:7. Hansen Controls has been awarded a contract for a large number of control panels. To meet this demand, it will use its existing plants in San Diego and Houston, and consider new plants in Tulsa, St. Louis, and Portland. Finished control panels are to be shipped to Seattle, Denver, and Kansas City. Pertinent information is given in the table. Shipping Cost to Destination Sources Construction Cost Seattle Denver Kansas City Сараcity San Diego 7 8 2,500 Houston 10 8 2,500 Tulsa 350,000 4 3 10,000 St. Louis 200,000 12 6 10,000 Portland 480,000 4 10 11 10,000 Demand 3,000 8,000 9,000 a) Develop an optimization model (i.e., show the formulated mathematical model) whose solution would reveal which plants to build and the optimal shipping schedule. b) Solve the model using Microsoft Excel Solver Add-in and provide your recommendation.
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