A manufacturing company purchases two important parts from two different suppliers in the same region. The two suppliers are located about 100 miles apart. There are two shipping options for the two parts ordered. Option 1: Orders are shipped separately from each supplier. The contracted trucking company charges $720 for a shipment from each supplier. Option 2: Orders are aggregated in a single shipment. The trucking company needs to drive additional 100 miles to pick up orders from the other supplier. So there will be an additional charge of $283 for the additional stop. The weekly demand and unit cost information are listed in the table below (assume 52 weeks/year Assume the unit annual holding cost is 16% of the unit cost for part A, and 18% for part B.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
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