Q3 Try to find the initial basic feasible solution from the transportation costs table using Vogel's approximation method. 23 D1 D2 D3 Supply 3 1 15 S2 1 2 3 10 S3 3 1 14 Demand 10 6. 12
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- Playfair Limited is a company that purchases toys from abroad for resale to retail stores on credit. The company is concerned about its inventory (stock) management operations. It is considering adopting a stock management system based upon the economic order quantity (EOQ) model. The company's estimates of its inventory management are shown below: Carrying cost (holding cost) of inventories as a percentage of purchase cost of toys per year Storage costs Insurance Handling Obsolete inventory Opportunity costs of funds invested in inventory % 3 1 1 3 10 18In a sales rebate contract, a rebate is paid by supplier for any items sold above certain. Select one: O a Quantity Ob. Price Oc Sales locations Od. Inventory Level The supply chain strategy category would include a decision about Select one: Oa which warchouse will supply the Sur location. Ob when the order should be shipped to the customer from Muscat distribution center. Oc how large the warehouse in Khazayen should be. Od which items in the warehouse will be shipped to Sohar.A leading manufacturer of video games is about to introduce four new games. The accompanying tablesummarizes price and cost data, Combined fixed costs equal $600,000. A marketing research study predicts thatfor each unit sold of Diablo, 2 units of Call of Duty: Modern Warfare, 3 units of Sekiro and 4 units of Starcraft IIwill be sold.GamesDiablo Call of Duty Sekiro Starcraft IISelling Price (in dollars) 55 48 33 22Variable cost/unit (in dollars) 22 17 12 11a) How many product mix units must be sold to break even?b) How does it translate into sales of individual games?
- Find the least expensive route from I to L and state its cost. 120 I 120 150 40 30 100 70 O 30/ N 50 80 40 80 M L 30Q1. General Appliance Corp. produces refrigerators at three plants: Marietta, Minneapolis and Phoenix. They ship them to major retail outlets in Chicago, Los Angeles and New York City. The accounting, production and marketing departments have provided the following information in the given tables; Plant capacities over the next planning period, retail outlet demand and unit cost of shipping between any plant and retail outlet. The company would like to minimize the cost of their transportation network by identifying how many units to ship between each plant and retail outlet. 1. Formulate this linear optimization problem by clearly listing the decision variables, objective function and constraints. 2. Create a spreadsheet model for this problem and solve it using Solver. What is the minimum cost? Plant Supply Marietta 1200 Minneapolis 800 Phoenix 1600 Retail Outlet Demand Chicago 650 Los Angeles 1450 New York City 1500…1. HP produces printers for sale in Europe in its Vancouver, Canada factory. Printers sold in different countries differ in terms of the power outlet as well as the language manuals. Currently HP assembles and packs printers for sale in individual countries. The distribution of weekly demand in different countries is normally distributed with mean an standard deviation as shown in the Table below. Assume demand in different countries to be independent. Given that the lead time from the Vancouver factory is six weeks, how much total safety inventory does HP require in Europe if it targets a cycle service level of 95 percent? Country France/Benelux UK/Ireland Germany Italy/Spain/Portugal Demand Forecast 3000 4000 4000 2500 Standard Deviation 2000 2200 1250 800 EAMO2 ad of el how A utarase sit themsi What if HP decides to build a central distribution center (DC) in Europe. It will ship base printers (without power supply) to the new DC. When an order is received, the DC will assemble…
- Question 4 Carefully explain what is happening in the following markets. Indicate the impact if any on demand, supply, price and quantity Scenario 1: Market for 21 ft Ladders $21 FoOT LADDER RENTALS Fa BORDER FENCE OPE SCON Impact on demand Choose. Impact on supply Choose. Impact on price Choose. Impact on quantity Choose.Problem Solving: Copy the questions and analyze the following demand problem. Answer Emphasize the answers with a double rule. I. Philippines is one of countries which is considered as large consumer of rice in Southeast Asia. Rice, being a staple food for Filipinos, is a good subject to a careful analysis by economists. Consider the data below and answer the questions. SUPPLY FOR RICE Requirements: Price per sack of rice P2550 P2000 Quantity Supplied (Qs) 100 200 a. Derive the Demand Function. b. Graph the Demand Function. 3,000? c. Solve for the level of consumption if price per sack of rice is at d. Solve for the price consumers are willing and able to purchase at 1,000 units? e. What is the law of demand? f. Discuss the relations and differences of demand schedule, demand curve and demand function.Explain the significance of the “Triple Constraint” and how it is affected when trade-offs are needed.