United Express Service (UES) uses large quantities of packaging materials at its four distribution hubs. After screening potential suppliers, UES identified six vendors that can provide packaging materials that will satisfy its quality standards. UES asked each of the six vendors to submit bids to satisfy annual demand at each of its four distribution hubs over the next year. The following table lists the bids received (in thousands of dollars). UES wants to ensure that each of the distribution hubs is serviced by a different vendor. Which bids should UES accept, and which vendors should UES select to supply each distribution hub? Distribution Hub Bidder 1 2 3 4 Martin Products 190 165 120 240 Schmidt Materials 140 240 150 200 Miller Containers 215 210 145 235 D&J Burns 175 185 190 290 Larbes Furnishings 200 185 155 230 Lawler Depot 230 190 140 230 Bidder Decision Bid Martin Products Schmidt Materials Miller Containers D&J Burns Larbes Furnishings Lawler Depot The value of the objective function is ____ thousands of dollars.
United Express Service (UES) uses large quantities of packaging materials at its four distribution hubs. After screening potential suppliers, UES identified six vendors that can provide packaging materials that will satisfy its quality standards. UES asked each of the six vendors to submit bids to satisfy annual demand at each of its four distribution hubs over the next year. The following table lists the bids received (in thousands of dollars). UES wants to ensure that each of the distribution hubs is serviced by a different vendor. Which bids should UES accept, and which vendors should UES select to supply each distribution hub? Distribution Hub Bidder 1 2 3 4 Martin Products 190 165 120 240 Schmidt Materials 140 240 150 200 Miller Containers 215 210 145 235 D&J Burns 175 185 190 290 Larbes Furnishings 200 185 155 230 Lawler Depot 230 190 140 230 Bidder Decision Bid Martin Products Schmidt Materials Miller Containers D&J Burns Larbes Furnishings Lawler Depot The value of the objective function is ____ thousands of dollars.
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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Problem 10-21 (Algorithmic)
United Express Service (UES) uses large quantities of packaging materials at its four distribution hubs. After screening potential suppliers, UES identified six vendors that can provide packaging materials that will satisfy its quality standards. UES asked each of the six vendors to submit bids to satisfy annual demand at each of its four distribution hubs over the next year. The following table lists the bids received (in thousands of dollars). UES wants to ensure that each of the distribution hubs is serviced by a different vendor. Which bids should UES accept, and which vendors should UES select to supply each distribution hub?
| Distribution Hub | ||||
| Bidder | 1 | 2 | 3 | 4 |
| Martin Products | 190 | 165 | 120 | 240 |
| Schmidt Materials | 140 | 240 | 150 | 200 |
| Miller Containers | 215 | 210 | 145 | 235 |
| D&J Burns | 175 | 185 | 190 | 290 |
| Larbes Furnishings | 200 | 185 | 155 | 230 |
| Lawler Depot | 230 | 190 | 140 | 230 |
| Bidder | Decision | Bid |
|---|---|---|
| Martin Products | ||
| Schmidt Materials | ||
| Miller Containers | ||
| D&J Burns | ||
| Larbes Furnishings | ||
| Lawler Depot |
The value of the objective function is ____ thousands of dollars.
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