Question 4.Formulate this problem as a LP in which theobjective is to minimize the total cost?What is the name of this problem?Three suppliers (S₁, S₂, S3) are used to provide four customers (T₁, T2, T3, T4)with their requirements for a particular commodity over a year. The yearly capac-ities of the suppliers and requirements of the customers are given below (insuitable units)SuppliersCapacities (per year)CustomersRequirements (per year)S₁Table 5.3SupplierS₁135 56The unit costs for supplying each customer from each supplier are given inTable 5.3 (in pounds per unit).T₁13285106S₂ S₁93T₁ T₂T₁ T462 83 39 91T₂_a9189CustomerT397100T410398"A dash indicates the impossibility of certain suppliers for cer-tain depots or customers.

Answered: Question 4. • Formulate this problem as…

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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Question 1 B Groovy Juice Mixers produces juices, Tropical breeze and Guava Jive. These Juices are both made by blending three ingredients, Grape, guava and Papaya. A certain level of flexibility is permitted in the formulae for these products. The allowable percentages, along with revenue and cost data, aregiven in the following table. Up to 60 gallons of Grape, 80 gallons of Guava and 60 gallons of papaya could be purchased. Groovy can sell as much of these juices as it produces. a) Formulate an LP whose objective is to maximise the net profit from the sale of the juices.
Question 2 Target Ltd produces a single product. The company has employed the services of a statistical firm to develop cost functions that will assist in arriving at the optimal price that will enable the company to maximize profits. During November 2018, you were provided with the following demand and costs functions for the product: Demand function: P=60+2Q, where P is the unit selling price and Q is quantity of units in thousands. Cost function: TC= 3Q2 - 2Q + 200, where TC is total costs in thousands of dollars. Required: Find the output at which profit is maximized. Find the optimal price that maximizes profit. Determine the optimal sales revenue Calculate the maximum profit Briefly outline three (3) factors to be considered when settingprices for the company’s products.
Question 3 a) The following represents the transportation cost between three warehouses (1, 2, 3) and four markets (A, B, C, D): The following represents the transportation cost between three warehouses (1, 2, 3) and four markets (A, B, C, D): From Warehouse To Market Supply A B C D 1 14 24 18 28 48 2 17 18 25 16 56 3 30 16 22 30 32 Demand 41 34 35 20 i) Determine an initial solution and overall distribution cost using: a. the Minimum cell cost method, b. the Vogel’s approximation method (VAM) b) Draw a well annotated source destination chart illustrating the LP problem above c) Using systematic nomenclature for the variables, write out an LP formulation for the problem.
Question 3 a) The following represents the transportation cost between three warehouses (1, 2, 3) and four markets (A, B, C, D): The following represents the transportation cost between three warehouses (1, 2, 3) and four markets (A, B, C, D): From Warehouse To Market Supply A B C D 1 14 24 18 28 48 2 17 18 25 16 56 3 30 16 22 30 32 Demand 41 34 35 20 i) Determine an initial solution and overall distribution cost using: a)the Minimum cell cost method, b) the Vogel’s approximation method (VAM)
Question-1 Read the below scenario and answer. (Marks – 12) Cisco’s model of building a seamless supply chain is one that many companies can follow. It proves that you do not have to own or control most of the elements in your supply chain, yet have complete visibility of the chain. The Internet allows companies to coordinate more closely with their suppliers and also enables just-in-time delivery that lets businesses greatly reduce inventories. Cisco’s suppliers build and ship while Cisco handles all of the financial transactions. This is an excellent instance of control/demand uncertainty fix. Discuss your understanding about Supply Chain Visibility. What is your inference about technology in the context? Implement the SCOR model and mention the demand and supply uncertainty with the help of a diagram. Identify if Cisco is following a push strategy or pull strategy and explain how?
Question-1) Read the below scenario and answer: Cisco’s model of building a seamless supply chain is one that many companies can follow. It proves that you do not have to own or control most of the elements in your supply chain, yet have complete visibility of the chain. The Internet allows companies to coordinate more closely with their suppliers and also enables just-in-time delivery that lets businesses greatly reduce inventories. Cisco’s suppliers build and ship while Cisco handles all of financial transactions. This is an excellent instance of control/demand uncertainty fix. 3. Implement SCOR model and mention the demand and supply uncertainty with the help of diagram. 4. Identify if Cisco is following push strategy or pull strategy and explain how?
Question-1) Read the below scenario and answer: Cisco’s model of building a seamless supply chain is one that many companies can follow. It proves that you do not have to own or control most of the elements in your supply chain, yet have complete visibility of the chain. The Internet allows companies to coordinate more closely with their suppliers and also enables just-in-time delivery that lets businesses greatly reduce inventories. Cisco’s suppliers build and ship while Cisco handles all of financial transactions. This is an excellent instance of control/demand uncertainty fix. REMAINING PARTS 3. Implement SCOR model and mention the demand and supply uncertainty with the help of diagram. 4. Identify if Cisco is following push strategy or pull strategy and explain how?
Question-1) Read the below scenario and answer: Cisco’s model of building a seamless supply chain is one that many companies can follow. It proves that you do not have to own or control most of the elements in your supply chain, yet have complete visibility of the chain. The Internet allows companies to coordinate more closely with their suppliers and also enables just-in-time delivery that lets businesses greatly reduce inventories. Cisco’s suppliers build and ship while Cisco handles all of financial transactions. This is an excellent instance of control/demand uncertainty fix. Discuss your understanding about Supply Chain Visibility. What is your inference about technology in the context? Implement SCOR model and mention the demand and supply uncertainty with the help of diagram. Identify if Cisco is following push strategy or pull strategy and explain how?
Question 1 (a) Many airlines were badly affected by the volatility in fuel prices during the Global Financial Crisis of 2008-2009. Using the example of Cathay Pacific’s cargo business, appraise the importance of managing fuel costs in the context of the airline’s profitability. In view of rising fuel prices, would you recommend Cathay Pacific to select the option of using converted freighters or ACMI management? Offer your views on the advantages and disadvantages of these two options.
QUEStion 10 Suppose sales for the past 6 months have been81, 93, 117, 81, 91, and 100 What is the 4-month moving average for the 4th period? (please round your answer to 1 decimal place)
Question 4 Read the case below and answer the questions that follow after Assessing Risks and Maximizing Profits You have just taken responsibility for purchasing at a major international logistic company, and you are reviewing all of the fuel purchases over the past two years. Fuel is such a necessary commodity for this logistics company and consequently, the company spends a fortune on fuel, and it hired you, in part to look for ways to cut costs. However, the availability of this commodity (fuel) is quite limited in supply. The problem is that, because of the diverse nature of your company’s transportation methods (which cover air, ground and ocean freight), each individual department purchases fuel separately. So, their air division purchases its own jet fuel, the trucking division purchases its own diesel, and the shipping freight division purchases its own oil 4.1 (a) What type of purchasing and supply organizational structure are we observing in the case above?…
Question 2 "In air cargo revenue management, for every flight we operate, we first must forecast the capacity so we can understand how much space we can sell. Unlike on the passenger side where the number of seats is rather standard, the cargo capacity will vary based on the route, the aircraft, the number of passengers, the number of bags passengers are carrying and other metrics." Karri Kauppi, Head of Cargo Revenue Management & Pricing, Finnair Source: The Complexities of Air Cargo Revenue Management https://www.kambr.com/articles/the-complexities-of-air-cargo-revenue-management (a) According to Karri Kauppi, cargo revenue management (CRM) is complex. The first thing in CRM is to forecast the air cargo capacity which would depend on factors e.g. the route, the aircraft, the number of passengers, the number of bags and other metrics. Appraise how Karri practises CRM in forecasting air cargo capacity and pricing available cargo space for sale in order to maximize profitability.…

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