The logistic company headquartered in New York wants to expand its business in Chicago, Texas, and Las Vegas. They will place 3 branch heads (A, B a, nd C) from several branch offices owned by the company to set-up offices and run operations in these 3 locations. Below are the costs for allocating the 3 branch heads to each location: ChicagoTexasLas VegasA$8,000,000$11,000,000$12,000,000B$5,000,000$15,000,000$13,000,000C$5,000,000$10,000,000$23,000,000a. Create a table using the assignment method.b. Based on the results of your calculations, what advice can you give to the leader of the company for the most optimum companylocation placement of each of the above branch heads? Explain why?c. What is the total optimum cost that must be incurred by the company to allocate all company branch offices?

To make calculation in simple form lets do it (x $10,000) Chicago Texas Las Vegas A 800…

Answered: The logistic company headquartered in…

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

Related questions

Concept explainers

Question

The logistic company headquartered in New York wants to expand its business in Chicago, Texas, and Las Vegas. They will place 3 branch heads (A, B a, nd C) from several branch offices owned by the company to set-up offices and run operations in these 3 locations. Below are the costs for allocating the 3 branch heads to each location:

	Chicago	Texas	Las Vegas
A	$8,000,000	$11,000,000	$12,000,000
B	$5,000,000	$15,000,000	$13,000,000
C	$5,000,000	$10,000,000	$23,000,000

a. Create a table using the assignment method.
b. Based on the results of your calculations, what advice can you give to the leader of the company for the most optimum company
location placement of each of the above branch heads? Explain why?
c. What is the total optimum cost that must be incurred by the company to allocate all company branch offices?

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.

Similar questions