Suppose a company has two plants to produce a product and send to three warehouses. Each plant has a capacity limit, and each warehouse has a demand to satisfy the local demands. The following table shows the shipping cost/product from each plant to each warehouse. Plants Warehouses Сарacity Corpus Dallas Kingsville San Antonio 32 33 55 20 Houston 20 29 22 20 Demands 10 10 20 Please formulate this problem as a LP to find the minimum shipping cost.

Suppose a company has two plants to produce a product and send to three warehouses. Each plant has a capacity limit, and each warehouse has a demand to satisfy the local demands. The following table shows the shipping cost/product from each plant to each warehouse. Plants Warehouses Сарacity Corpus Dallas Kingsville San Antonio 32 33 55 20 Houston 20 29 22 20 Demands 10 10 20 Please formulate this problem as a LP to find the minimum shipping cost.

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...

See similar textbooks

Similar questions

Andrew Thomas, a sandwich vendor at hard rock café annual rockfest, created a table of conditional values for the various alternatives (stocking decision) and state of nature (size of crowd) Alternatives Large stock average stock small stock probabilities associated with states of nature are Big Big 35000 20000 10500 0.3 State of nature (demand) Average Small 15000 10000 8000 Average 0.5 determine the alternative that gives Andrew the greatest expected monetary value (EMV) compute the extpected value of perfect information (EVPI). Small -3000 5000 3000 0.2
find the a. decision variables b. objective function c. constraints
Rules of thumb, or heuristics, always help to avoid severe and systematic errors in the decision-making process. Group of answer choices True False
Apply the PACED decision-making model to a decision you will need to make about your life after high school. You should: define the problem; complete a PACED grid with at least 3 alternatives and 5 criteria; explain how you define (+), (-), and (x) in your evaluation; explain your final decision.
Jawad has calculated the possible profits from three different scenarios for the expansion of his restaurant, each for a different amount of advertising and promotion. He has chosen to implement the scenario that offers the greatest profit. Jawad has decided to a. minimin O b. minimnax c. maximax d. maximin
Look for : decision variables objective function Constraints
Calculating outcomes as equally likely would BEST describe: O a. Maximax criterion O b. Laplace criterion O c. Regret criterion Od. Maximin criterion Determining the average payoff for each alternative and choosing the one with the BEST payoff is the approach called: ea, maximax O b. minimax regret O c. laplace Od maximin M
Define Decision Variables and write LP problem formulation. Please see picture attached for problem.
A television network earns an average of $1.6 million each season from a hit program and loses an averageof $400,000 each season on a program that turns out to be a flop, and of all programs picked up by thisnetwork in recent years, 25% turn out to be hits and 75% turn out to be flops. a) Construct a decision tree to help the television network identify the strategy that maximizes itsexpected profit in responding to a newly proposed television program. Make sure to label all decisionand chance nodes and include appropriate costs, payoffs and probabilities. b) What should the network do? What is their expected profit? c) The network can conduct market research to determine whether a program will be a hit or a flop. Ifthe market research report is perfectly reliable, what is the most the network should be willing to payfor it? Can you please include pictures of excel sheets. Having trouble determining what the excel sheet should look like
How does the presence of uncertainty affect the usefulness of the model?
Problem #4 - Jasper Inc. would like you to provide consulting services and provide recommendation on building a new assembly facility for air conditioning units in Florida. Jasper's initial assessment indicates the following conditions for this decision-making problem: With a favorable market in Florida, Jasper thinks that a large facility would result in a net profit of $200,000 to his firm. If the market is unfavorable in Florida, the construction of a large facility would result in $190,000 net loss. - A small facility would result in a net profit of $100,000 in a favorable market, but a net loss of $20,000 would occur if the market was unfavorable. Doing nothing would result in $0 profit in either market conditions. a) Create a decision table for this problem. b) What is your recommendation if y would apply the Maximax criterion (Optimistic)? C What is your recommendation if you would apply the Criterion of Realism (Hurwicz Criterion) with a erricient of realism a = 0.9? d) What is…