If your baseline model's costs are within 0.1% of the actual costs, under what conditions might this still not be a valid solution?
Answer to relevant QuestionsIn the Illinois Quality Parts case study, we first ran the baseline model with a rate of $2/mile for all lanes. Figure 8.14 shows the output of this scenario, showing total cost and total miles traveled out of each ...What if we wanted to implement five warehouses in the future, but wanted only four now. What is the cost of the best four, plus adding one more, versus the cost of picking the best four out of the best five? Which solution ...Describe how you would model the associated products in each situation: a. A German chemical company produces five different liquid chemical products (Liquid Products A through E for this example). These liquid products are ...If you are creating a model and one of the key considerations is which port of entry you should use, why would you model the port like you would model a warehouse? What costs would be relevant for picking which port to use? Open the file Aggregating Customers.xls found on the book web site. This file contains a list of 10,000 raw ship-to points and some characteristics about these data points. How would you go about aggregating the customers? ...
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