Widgetco manufactures widgets at two factories, one in Memphis and one in Denver. TheMemphis factory can produce as many as 150 widgets per day, and the Denver factory canproduce as many as 200 widgets per day. Widgets are shipped by air to customers in LosAngeles and Boston. The customers in each city require 130 widgets per day. Because of thederegulation of airfares, Widgetco believes that it may be cheaper to first fly some widgets toNew York or Chicago and then fly them to their final destinations. The costs of flying awidget are shown below. Widgetco wants to minimize the total cost of shipping the requiredwidgets to its customers.To ($)NewLosMemphisDenverChicagoBostonYorkAngelesMemphis8132528Denver15122625New1617YorkFromChicago61416LosAngelesBostonFormulate the linear programming model of the transshipment problem.6

Linear programming, often known as linear optimization, is a method for obtaining the best result…

Answered: Widgetco manufactures widgets at two…

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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A UCLA student saved $100,000 for the down payment on a $1,000,000 one-bedroom, two-bathroom home in Encino, California. She can qualify for either a $900,000 fully amortizing 30-year first mortgage loan at a 4.75% annual interest rate from Wells Fargo Bank, or she can qualify for a $790,000 fully amortizing 30-year first mortgage loan at a 4.25% annual interest rate with a $110,000 fully amortizing 30-year second mortgage loan at an 8.00% annual interest rate from Citibank. Should the student prefer the single $900,000 mortgage loan from Wells Fargo Bank or should she prefer the $790,000 first mortgage loan and $110,000 second mortgage loan package from Citibank? Single loan from Wells Fargo Bank No difference Depends on all the terms and conditions in the loan documents from Wells Fargo Bank as compared to those from Citibank Loan package from Citibank
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Prepare and run the LP to solve this problem
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