A shipper has three options to send an expensivecargo worth $35,000 across the pacific and theholding cost for the same is $730 per year. Firstly,opting for a slow cargo ship with a freight costof $50 will take 2 months. Secondly, choose to send itvia a fast ship but the freight cost gone upto $100 and the cargo delivered within a month.Lastly, the shipper can opt for the air transit for$150 and get it delivered within a week. Given thissituation, which option the shipper shouldchoose to opt for?

Answered: Image /qna-images/answer/555ebcac-7ae6-4fd3-9e12-956be038ced4.jpg

Answered: A shipper has three options to send an…

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...

See similar textbooks

Similar questions

Why did Singapore have an advantage in shipping out COVID-19 vaccines? O They locked down borders quickly, which means an available workforce to manage the supply chain. Their large geography allows for plenty of warehouse storage space flexibility. O Their strategic location allows for reach of a significant portion of the global population with short flights. Their tropical location means that the vaccines have less chance to freeze.
please answer correctly in a detailed manner.
solve it using solver with clear steps. please attach youe excel
Exercise 3 Can you combine both shipments due to the fact that both goes to the same destination port and the same origin port? Can you make an estimation on how to use spare volume to send both products combined in the same containers? Note: If you need to palettize take into consideration height increase in the first shipment 10 cm. Try to do a Cargo Load Plan for this case.
Your options for shipping $104,800 of machine parts from Baltimore to Kuala Lumpur, Malaysia, are (1) use a ship that will take 30 days at a cost of $3,370, or (2) truck the parts to Los Angeles and then ship at a total cost of $5,030. The second option will take only 18 days. You are paid via a letter of credit the day the parts arrive. Your holding cost is estimated at 30% of the value per year. If you have a third option and it costs only $4,080 and also takes 18 days, what is your most economical plan? Part 2 The daily holding cost of Alternative 1 is $________. (Enter your response rounded to two decimal places.) Part 3 The daily cost of faster shipping with Alternative 2 is $________. (Enter your response rounded to two decimal places.) Part 4 The daily cost of faster shipping with Alternative 3 is $________. (Enter your response rounded to two decimal places.) Part 5 ▼ Alternative 1? Alternative 2? Alternative 3? is more economical.
Evaluate an alternative that involves consolidating all 20-foot container volumes and using only a single consolidation center in Shanghai/Ningbo. Assume that all the existing 20-foot container volumes and the existing consolidation center volumes are sent to this single consolidation center by suppliers. This new consolidation center volume would be packed into 40-foot containers, filled to 96 percent, and shipped to the United States. The existing 40-foot volume would still be shipped direc t from the suppliers at 85 percent capacity utilization.
What are some qualities of products that make them suitable candidates for storage in a single location? Who is the least likely to profit from this situation?
The SCM term "reverse logistics" implies a.The heavy use of RFID b.Customers must be extremely happy c.The movement of materials from the back end of a supply chain to the front end d.Suppliers must be doing an excellent job e. the process of transporting returned materials
Costco also employs a just-in-time inventory management system, which includes sharing data directly with many of its largest suppliers. Companies like Kimberly-Clark calculate re-order points in real time and send new inventory, as needed, to replenish store shelves. Costco also works to redesign product packaging to squeeze more bulky goods onto trucks and shelves, reducing the number of orders Costco needs to place with suppliers.Occasionally, the company leverages its 75 million square feet of warehouse space to reduce purchasing costs. For example, when Procter & Gamble recently announced a 6% price increase for its paper goods, Costco bought 258 truckloads of paper towels at the old rate and stored them using available capacity in its distribution centers and warehouses.These inventory management techniques have allowed Costco to succeed in tough times while others have failed. Costco turns its inventory nearly 12 times a year, far more often than other retailers. With many…
Which of the following is a software used by Nestle to Fast Logistics? a. Honeywell b. SAP c. Aquila d. All of the above
Your company produces two types of products. One is in liquid form(highly toxic) and the other one is in packages. Your customer is located in Antalya and your company is located in Gebze region.The typical shipment method is tank truck and box type trucks. Considering these two alternative type of shipments, which one will have a higher cost and why? (Your answer is accepted in case you can back your decision with at least three sentences.) PLS JUST 3 OR 4 SENTENCES short answer.
Professor Gaffney needs to ship 800 pounds of laboratory equipment to a colleague across country. Due to limited departmental funds, Dr. Gaffney would like to minimize total shipment costs. Currently, the freight classification is 77.5. However, a local equipment manufacturing company is willing to specially package the equipment in order to drop the freight classification to 55. Use the table below to calculate the break-even cost of using this service. Class <500 (lbs) 500 (lbs) 1,000 (lbs) 2,000 (lbs) 5,000 (lbs) 10,000 (lbs) ≥20,000 (lbs) 50 34.31 28.56 24.61 23.24 17.24 15.48 10.68 55 36.97 30.55 26.57 24.16 18.46 17.39 11.66 60 39.74 32.33 27.57 26.51 20.79 19.37 12.03 65 41.06 34.18 29.27 28.15 21.77 20.29 13.46 70 44.33 36.93 31.29 29.84 22.87 21.13 14.46 77.5 48.53 39.82 34.83 32.75 24.46 23.58 15.75 85 51.89 42.44 36.17 34.08 26.97 26.14 17.32 92.5 55.94 46.12 39.75 37.35 28.76 28.08 18.77 100 60.07 49.31 42.43 40.15 30.86 30.54 20.39 In…

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS