MindTap Business Statistics for Ragsdale's Spreadsheet Modeling & Decision Analysis, 8th Edition, [Instant Access], 2 terms (12 months)
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Companies A, B, and C supply components to three plants (F, G, and H) via two crossdocking facilities (D and E). It costs $4 to ship from D regardless of final destination and $3 to ship to E regardless of supplier. Shipping to D from A, B, and C costs $3, $4, and $5, respectively, and shipping from E to F, G, and H costs $10, $9, and $8, respectively. Suppliers A, B, and C can provide 200, 300 and 500 units respectively and plants F, G, and H need 350, 450, and 200 units respectively. Crossdock facilities D and E can handle 600 and 700 units, respectively. Logistics Manager, Aretha Franklin, had previously used "Chain of Fools" as her supply chain consulting company, but now turns to you for some solid advice. Set up the solution in Excel and solve with Solver. What are total costs?
Earth Resources Corporation is a multinational company engaged in steamfield development and power plant construction through the government's use of build-operate- transfer (BOT) contracts. Recently, the company has been awarded contracts and has to start drilling operations at four (4) new geothermal sites in the Philippines. In order to ensure that drilling operations are on schedule and in accordance with the provisions of the contract, Earth Resources must send a team of two (2) drilling engineers to each site. Currently, they have eight (8) drilling engineers at various sites where the drilling is almost completed. The chief executive officer (CEO) wants to mobilize all the eight engineers to the four new sites in such a way that the total costs involved is minimized. The CEO requested the company's chief accountant, Ms. Debbie Castro, to prepare a summary of the estimated mobilization costs from the engineer's present locations to their probable new assignments. accomplished…
Problem-solving is a critical technique used in many businesses to overcome challenges and improve services.In the case of CoffeeVille, they faced a limitation in their delivery service which was affecting their business operations. The problem-solving process was used to find a solution to this issue.Possible solutions could have included hiring more delivery personnel, optimizing delivery routes, or implementing a delivery scheduling system. After evaluating these solutions, they might have chosen to hire more delivery personnel and optimize delivery routes as the most feasible and impactful solution. After implementing these changes, they would have reviewed their delivery service to ensure that the problem was effectively solved. This is a simplified example, but it illustrates how problem-solving can be used to overcome challenges and improve services in a business context. Perform a self evaluation of the critical thinking skills. This must include writing and responding to five…
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