A farmers' cooperative association plans to build a new sugar mill in Georgetown. The primary objective of the mill is to provide the farmers with a place to take their crop for processing that will reduce their transportation costs. The members of the co-op believe that the center-of-gravity method is appropriate for this objective. While there are over 200 sugar cane farms in the region, they are tightly clustered around six villages. Using the data below, use the center-of-gravity method to calculate the coordinates of the best location for this mill. All mileage references use Browns Town as (0,0). Village Miles East of Browns Town Miles North of Browns Town Sugar Cane tonnage Barney Valley 90 10 240,000 Blue Pasture 140 60 320,000 Congo Valley 20 70 450,000 Bower 50 20 120,000 Rabacca 100 80 60,000 Salem 10 120 140,000
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.
A farmers' cooperative association plans to build a new sugar mill in Georgetown. The
primary objective of the mill is to provide the farmers with a place to take their crop for
processing that will reduce their transportation costs. The members of the co-op believe that
the center-of-gravity method is appropriate for this objective. While there are over 200 sugar
cane farms in the region, they are tightly clustered around six villages. Using the data below,
use the center-of-gravity method to calculate the coordinates of the best location for this mill.
All mileage references use Browns Town as (0,0).
Village
Miles East of
Browns Town
Miles North of
Browns Town
Sugar Cane
tonnage
Barney Valley 90 10 240,000
Blue Pasture 140 60 320,000
Congo Valley 20 70 450,000
Bower 50 20 120,000
Rabacca 100 80 60,000
Salem 10 120 140,000
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