Question Help ▼ A company has four distribution centers, located in Atlanta, Lexington, Milwauke, and Salt Lake City, and ships to 12 retail stores, located in Seattle, San Francisco Las Vegas, Tucson, Denver, Charlotte, Minneapolis, Fayettoville, Birmingham, Orlando, Cleveland, and Philadelphia. The company wants to minimize the transportation costs of shipping one of its products The per unit shipping cost from each distribution center to each retail location and the amounts currently in inventory and ordered at each retail location are shown in the accompanying table. Develop and solve an optimization model to minimize the total transportation cost and answer parts a and b m Click here to view the shipping data O Cost of Shipping Data a. What is the minimum cost of shipping? - X Total Cost = $ (Type an integer or a decimal. Do not round ) Atlanta Lexington Milwaukee Salt Lake City Demand Seattle $2 15 $2. 10 $1.95 $1.70 $0.60 San Francisco 4,500 $2 00 S1.85 $1 50 S1 41 $0 95 $0 40 $0.40 $0 95 S0. 70 $0 70 $0 55 17,000 Las Vegas $1.75 S1.70 $0.35 4,500 Tucson Denver Charlotte Minneapolis Fayetteville $1.50 $1 53 $0.60 3,400 $1.20 $1.10 SO 65 $0.40 4,000 S0 55 $0 60 S0 95 7,000 So 90 $1.00 $1 10 $1 35 $1 60 3,500 $0 80 $0 35 S0 15 $1.05 9,500 Birmingham Orlando S0 60 3,100 $0.50 11.000 Claus
Question Help ▼ A company has four distribution centers, located in Atlanta, Lexington, Milwauke, and Salt Lake City, and ships to 12 retail stores, located in Seattle, San Francisco Las Vegas, Tucson, Denver, Charlotte, Minneapolis, Fayettoville, Birmingham, Orlando, Cleveland, and Philadelphia. The company wants to minimize the transportation costs of shipping one of its products The per unit shipping cost from each distribution center to each retail location and the amounts currently in inventory and ordered at each retail location are shown in the accompanying table. Develop and solve an optimization model to minimize the total transportation cost and answer parts a and b m Click here to view the shipping data O Cost of Shipping Data a. What is the minimum cost of shipping? - X Total Cost = $ (Type an integer or a decimal. Do not round ) Atlanta Lexington Milwaukee Salt Lake City Demand Seattle $2 15 $2. 10 $1.95 $1.70 $0.60 San Francisco 4,500 $2 00 S1.85 $1 50 S1 41 $0 95 $0 40 $0.40 $0 95 S0. 70 $0 70 $0 55 17,000 Las Vegas $1.75 S1.70 $0.35 4,500 Tucson Denver Charlotte Minneapolis Fayetteville $1.50 $1 53 $0.60 3,400 $1.20 $1.10 SO 65 $0.40 4,000 S0 55 $0 60 S0 95 7,000 So 90 $1.00 $1 10 $1 35 $1 60 3,500 $0 80 $0 35 S0 15 $1.05 9,500 Birmingham Orlando S0 60 3,100 $0.50 11.000 Claus
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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Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
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