Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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INTRODUCTION
One of the simplest ways to come up with a workable solution to a transportation issue is to use the northwest corner rule. The northwest-corner rule works best for coming up with a first workable solution to a transportation issue. The ease of use of this approach is by far its greatest benefit, but because the northwest method does not take prices into account, it could take more iterations until the best answer is found.
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- Do problem 5arrow_forwardAnswer using the excel screenshot format to do the question.arrow_forwardWeighted factor methodUse the table to calculate the most ideal X coordinate for supermarket Point Quantity offered/requested Transportation costs Coordinate X Coordinate Y Supermarket 1 3,000 0.04 4 8 Supermarket 2 3,500 0.04 7 2 Supermarket 3 2,000 0.07 3 5 Supermarket 4 1,500 0.07 7 4 Supermarket 5 1,200 0.07 6 8arrow_forward
- In this problem, your company is a distributor of products. You serve as an inventory manager for the regional distribution center (DC) here in the Atlanta area. In this role, you schedule the purchase and shipment of products from various suppliers inbound to the Atlanta DC. Once you receive the products at the DC, they are stored in inventory until they are picked, packed, and shipped outbound to your company's downstream customers in response to orders. For each of your products, you currently use a single, dedicated supplier. Each of your suppliers ships their products to you from their facility using trucking services, and they provide you with choices of different LTL or truckload trucking carriers depending on your shipment size. Consider managing inventory now for product 101 produced by Supplier A. Currently, you face demand for product 101 of about 200 units per week. Each unit of product 101 has a purchase cost p of $500 and you decide to value your inventory at the slightly…arrow_forwardQuestion 4 The systems approach highlights the significance of the interdependence of logistics activities. Explain the relationship between the following logistics activities: • Transportation costs and facility location Inventory requirements and transportation mode Packaging requirements and transportation mode Choice of incoterms and transportation mode Inventory requirements and shipment trackingarrow_forwardNike adopts logistics strategy here, explain how it gains the competitive advantages and effects the Nike’s logistics performance.arrow_forward
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