Wehave three Suppliers and four Demanders.the Suppliers have inventory of 61, 49, 29 respectively,and the Demanders require 54, 37, 4, 44 respectively.Shipping costs from S1 to D1, D2, D3, D4 are 107, 34, 72, 58from S2 to D1, D2, D3, D4 are 20, 99, 88, 39from S3 to D1, D2, D3, D4 are 44, 48, 50, 105.Check that this is a balanced transportation problem.Find the optimal mimimal shipping cost: I

The transportation model is used to calculate the minimum cost of the route by selecting different…

Answered: Find the optimal mimimal shipping cost:…

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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Similar questions

Question 4 What describes physical distribution best? O Activities that involve getting the right quantity of goods to the right place at the right time Transportation Freight forwarding None of the above
Define Dependent Demand?
Buying capacity refers to?
3- Mr. Hameed opens a garment shop inside Lulu Hypermart in Nizwa. Based on the location of his store facilities, what type of retail store Mr. Hameed has? a. Mobile store b. Multi-level store c. Fixed location store d. By pricing strategy
Can you think of other attributes that might be associated with SUPPLY SCHEDULE?
DEFINE Expected value of demand
Key Performance Index of a Logistics Company b) KEY PERFORMANCE INDEX (KPI) Delivery in Full (By Line) Delivery on Time Delivery in Full On Time (DIFOT) (By Line) (In Full x On Time) Total Supply Chain Management Cost Cash to Cash Cycle Time Stockturns (Finished Goods) PERFORMANCE 95-97% 95-97% 60 Days 99% > 99% > 95% 10 Turns BEST WORLD S Source: Logistics Bureau (2018), Benchmarking Report Performance measurement is a methodology to optimise the execution of business strategy. Based on the diagram above: a) Briefly discuss four (4) issues of key performance index (KPI) that transport operators need to focus on in their business to achieve success. Critically examine the strategies a logistics company has to undertake to become world class.
Define primary demand?
4 (Using the same problem) A vendor for the local ballpark food stand is questioning whether to stock his concession with a large or small inventory. He believes that it will depend upon the size of the crowd. He has developed a payoff matrix for the various alternatives (stocking decision) and states of nature (size of crowd). What is the Expected Monetary Value (EMV)? Alternatives Large Inventory Small Inventory Probability A) $68,400 O B)-$20,000 O C) $10,000 O D) $51,500 O E) $78,400 Large Crowd $220,000 $90,000 .20 PROFIT ($) Average Crowd $50,000 $70,000 .50 Small Crowd -$2,000 -$5,000 30
Q 7. Explain the importance of multi-channel marketplace models.
1. a. Define following: iv. Cycle Inventory v. Level of Product Availability vi. Reverse Logistics vii. Honey Combing

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