**Transportation Problem Optimization Using Microsoft Excel**Rent’R’ Cars is a multistate car rental company piloting a new policy that allows customers to return cars to the most convenient location, enhancing customer satisfaction. However, this necessitates frequent relocation of cars to maintain optimal availability across different sites. The supply and demand of economy cars and the associated moving costs between locations are detailed below.### Table 1: Cost Matrix| From/To | D | E | F | G | Supply ||---------|----|----|----|----|--------|| A | 15 | 8 | 6 | 10 | 50 || B | 9 | 8 | 10 | 9 | 40 || C | 3 | 13 | 17 | 10 | 75 || **Demand** | 50 | 60 | 25 | 30 | **165** |- **Demand:** The required number of cars at each location.- **Supply:** The available number of cars at each source location.- **Cells:** Indicate cost to move cars between locations. The goal is to minimize the transportation costs by determining the optimal number of cars to move from locations (A, B, C) to meet the required demands (D, E, F, G).### Part A: Candidate Solution Using ExcelTo find the solution that minimizes moving costs:| From/To | D | E | F | G | Supply ||---------|----|----|----|----|--------|| A | 25 | 25 | 0 | 0 | 50 || B | 10 | 0 | 0 | 30 | 40 || C | 15 | 60 | 25 | 0 | 75 || **Total Shipped** | 50 | 60 | 25 | 30 | **165** |- Cells containing numbers indicate the number of cars moved.- Blank cells represent zero cars moved.### Part B: Cost Calculation Table| From/To | D | E | F | G | Supply ||---------|----|----|----|----|--------|| A | | | | | || B

The measure that depicts the value of money that has in turn been used for the production of a good or delivering of service is known as cost.The completed table is as follows: Here the number of units is being multiplied by the cost incurred. From/To D E F G Supply A =25*9=225 =8*0=0 =6*25=150 =5*0=0 375 B =9*10=90 =8*0=0 =8*0=0 =0*30=0 90 C =15*5=75 =60*3=180 =3*0=0 =10*0=0 255 Total Costs 390 180 150 0 $ 720

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Rent'R Cars is a multisite car rental company in the city. It is trying out a new "return the car to the location most convenient for you" policy to improve customer service. But this means that the company has to constantly move cars around the city to maintain required levels of vehicle availability. The supply and demand for economy cars, and the total cost of moving these vehicles between sites, are shown below. FronTo Supply | 16 A L 40 75 Denand 30 165\165 a. Find the solution that minimizes moving costs using Microsoft Excel. (Leave the cells blank, whenever zero (0) is required.) From/To G Supply Candidate solution 50 40 25 C Total shipped 15 60 75 50 60 25 30 165 From/To Supply Cost Total costs

Rent'R Cars is a multisite car rental company in the city. It is trying out a new "return the car to the location most convenient for you" policy to improve customer service. But this means that the company has to constantly move cars around the city to maintain required levels of vehicle availability. The supply and demand for economy cars, and the total cost of moving these vehicles between sites, are shown below. FronTo Supply | 16 A L 40 75 Denand 30 165\165 a. Find the solution that minimizes moving costs using Microsoft Excel. (Leave the cells blank, whenever zero (0) is required.) From/To G Supply Candidate solution 50 40 25 C Total shipped 15 60 75 50 60 25 30 165 From/To Supply Cost Total costs

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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