Answered: The firm needs to satisfy all demand…

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 firm has 4 plants that produce widgets. Plants A, B, and C can each produce 100 widgets per day. Plant D can produce 50 widgets per day. Each day, the widgets produced in the plants must be shipped to satisfy the demand of 3 customers. Customer 1 requires 75 units per day, customer 2 requires 100 units per day, and customer 3 requires 175 units per day. The shipping costs for each possible route are shown in the table below:

Shipping Costs	Customer
per unit Plant	1		2		3
A	$	25		$	35	$	15
B	$	20		$	30	$	40
C	$	40		$	35	$	20
D	$	15		$	20	$	25

The firm needs to satisfy all demand each day, but would like to minimize the total costs.

The firm’s problem falls within which classification?

Multiple Choice

Cost-benefit-trade-off
Assignment problems
Transshipment problems
Transportation problems
Resource-allocation

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