Q1/Test the examples of the solutionto the following transport issue usingthe rate distribution method (neverU1=0 For two tables only) using a lessexpensive way to find the primarybasic solution?FactoryDealerSupply1A221000B470032900Requirement900800500400413,4,1,6,2)

The linear programming Transportation Method is used to solve issues involving the analysis of…

Answered: Q1/Test the examples of the solution to…

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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The distribution manager for Divine Corporation is trying to establish the most economic ordering policy for the standard model of its best-selling microwave oven. He has control of the finished goods warehouse for the factory and must satisfy wholesaler demand. The following information is available: Wholesale Value $100 Annual Demand 50,000 units Standard Deviation of Demand 30 units per day Working Year 250 days Production Lead Time 9 days Ordering Cost for Production $1,800 Holding Cost per unit per year 20% of value Desired Service Level 96 percent If Divine decides to use a continuous review system, what should be economic order quantity, safety stock, and the reorder point? If on the other hand, Divine wishes to use the periodic review system, what should be the safety stock, reorder point? If the current on hand inventory is 1,000 units, how many units should be ordered?
Which of the following defines Inbound Logistics the most? 1. The process of finding and purchasing goods and services for the needs of the supply chain. 2. The process of storage and transportation of finished products from a warehouse or distribution center to customers. 3. The process of acquiring raw materials and resources from suppliers and distributing them to manufacturing facilities. 4. The process of planning and control over the use of inventory to ensure that materials are available as required to meet production schedules.
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Your options for shipping $96,970 of machine parts from Baltimore to Kuala Lumpur, Malaysia, are (1) use a ship that will take 32 days at a cost of $3,370, or (2) truck the parts to Los Angeles and then ship at a total cost of $5,180. The second option will take only 20 days. You are paid via a letter of credit the day the parts arrive. Your holding cost is estimated at 30% of the value per year. If you have a third option and it costs only $4,440 and also takes 20 days, what is your most economical plan? The daily holding cost of Alternative 1 is $ 79.70 . (Enter your response rounded to two decimal places.) The daily cost of faster shipping with Alternative 2 is $ 150.83. (Enter your response rounded to two decimal places.) The daily cost of faster shipping with Alternative 3 is $ (Enter your response rounded to two decimal places.)
SRS Limited is a manufacturing company in Asia (China and India) specializing in bicycles that they sell to the USA, Canada, and Africa. Recently they acquired JAP Bicycle in Jamaica and supplying them with bikes and parts. They want to get in the automatic wheelchair for the physical challenge. SRS Limited contracted you as a transportation consultant to see their shipment from Asia to Canada, the East and West coast of the USA, Jamaica, and Africa. a. Differentiate the difference between intra-modal and inter-modal and why you will have recommended one over the other.
Valles Galactic Industries (VGI) owns a small company (VGI-Durango Sur) that manufactures various electronic products for original equipment manufacturers. Customer companies provide engineering designs, materials lists, and some unique materials. VGI-DS provides labor and space for the manufacturing and assembly operations and stocking a variety of inventory items for production, such as wire, cables, some electronic components, etc. Thus, VGI-DS orders a variety of components and raw materials by contract. The labor pool is primarily composed of about 100 retirees picking up extra cash by working four to six-hour shifts. Thus, the assembly operations must be simple and easy to teach. Skilled employees must do several raw material conversions for packaging—there are currently three such employees. VGI-DS receives forecasts from VGI headquarters for planned production for two years on a rolling quarterly basis. Staff at VGI-DS develop schedules and inventory plans based on this…
1. Padilla Electronics stocks and sells a particular brand of microcomputer. It costs the firm $450 each time it places an order with the manufacturer for the microcomputers. The cost of carrying one microcomputer in inventory for a year is $170. The store manager estimates that total annual demand for the computers will be 1,200 units, with a constant demand rate throughout the year. Orders are received within the minutes after placement from a local warehouse maintained by the manufacturer. The store policy is never to have stock outs of the microcomputers. The store is open for business everyday of the rear except Christmas day. In reference to problem no. 1, determine the number of orders per year
Inventory Problem at Three Spoons Market Randy is the owner of Three Spoons Market. Three Spoons Market is an upscale tapas restaurant in a town of about 200,000 people. According to both Yelp and Trip Advisory, it is the highest restaurant in town. Randy had been having trouble with inventory management (he runs out some items while others go bad) and has brought you in as a consultant to help, due your background in inventory management. The menu at the restaurant changes monthly, and there are daily specials. Randy follows what other restaurant Owners are doing to improve their bottom line-he reads trade publication and online blogs. He also tries to keep up with trends in other industries that may help him manage better. He recently read about the success small-jobs have had with many managing inventory as A,B or C. As Randy thinks about his business, it is really a job shop, since food is prepared after the consumer orders from the menu. The food is prepared to customer tastes and…
Which one of the following happens at a supply point? Goods are created and consumed at this point. Goods are created at this node. Goods are passing through this point. Goods are consumed at this point.
You are a logistics manager of Medical Device Depot, Inc., located in Ellicott City, MD. Your job is to develop logistics solutions for your international customers. Now you receive an order about one unit of SR-130 Portable X-Ray System Based on the information of company webpage, this equipment has the value of $16,000 and its storage dimension is 26"W x 53" Lx 28"H. This customer is located in Shanghai, China. You may need to google or contact service providers to get quotes. You need to propose two transportation options including transit time and total costs. The two options are: 1) Air shipping: from Ellicott City, MD (BWI airport) to Shanghai, China (SHA airport); 2) Ocean shipping: from Ellicott City, MD (Port of Baltimore) to Shanghai, China (Port of Shanghai).
Evaluate an alternative that involves consolidating all 20-foot container volumes and using only a single consolidation center in Shanghai/Ningbo. Assume that all the existing 20-foot container volumes and the existing consolidation center volumes are sent to this single consolidation center by suppliers. This new consolidation center volume would be packed into 40-foot containers, filled to 96 percent, and shipped to the United States. The existing 40-foot volume would still be shipped direc t from the suppliers at 85 percent capacity utilization.

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Q1/Test the examples of the solution to the following transport issue using the rate distribution method (never U1=0 For two tables only) using a less expensive way to find the primary basic solution?