Consider the following transportation problem. Suppose that any shortage in meeting demand of construction sites results...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Consider the following transportation problem. Suppose that any shortage in meeting demand of construction sites results in penalty costs of 11, 9 and 7, respectively. Construction Site 3 Plant 1 $8 59 1 2 2 $6 Supply 125 175 200 $9 $11 $11 3 $12 $5 $12 Demand 200 100 300 a) Write out the Linear Programming model for the problem. (5 Points) b) Calculate total cost using least cost method for the problem. (5 Points) c) Find the optimal solution using method of multipliers and calculate total cost. (10 Points) d) Interpret the solution in (c). (5 Points) e) Write out Lingo code using sets to get optimal solution. (10 Points) Consider the following transportation problem. Suppose that any shortage in meeting demand of construction sites results in penalty costs of 11, 9 and 7, respectively. Construction Site 3 Plant 1 $8 59 1 2 2 $6 Supply 125 175 200 $9 $11 $11 3 $12 $5 $12 Demand 200 100 300 a) Write out the Linear Programming model for the problem. (5 Points) b) Calculate total cost using least cost method for the problem. (5 Points) c) Find the optimal solution using method of multipliers and calculate total cost. (10 Points) d) Interpret the solution in (c). (5 Points) e) Write out Lingo code using sets to get optimal solution. (10 Points)
Expert Answer:
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these accounting questions
-
The university has decided that for the following year, lecture costs will increase by 20%, workshop costs by 10% and examination costs will stay the same for level 2 the current hourly costs are...
-
Consider the following transportation problem at Frank Timoney Enterprises in Clifton Park, NY. (a) Find an initial solution using the northwest-corner rule. What special condition exists? (b)...
-
please solve and explain Problem 3. Find the derivative of the following function using the definition. No credit will be given for using derivative rules. [ f(x)=frac{1}{1+x^{2}} ]
-
XYZ Corporation is considering two mutually exclusive projects that require a $150,000 investment each. Project A has an expected life of 6 years and will generate net cash flows of $35,000 per year....
-
In Figure 11.8 does the price level increase or decrease when (a) AD shifts leftward? (b) AS shifts leftward? Figure 11.8 (b) Supply shifts |AS, ASg (C) ASIAD shifts (a) Demand shifts AS AS Ez | ASo...
-
Let \(\left(B_{t}ight)_{t \geqslant 0}\) be a \(\mathrm{BM}^{1}\). Use Theorem 12.5 to show that \(\kappa(t)=(1+\epsilon) \sqrt{2 t \log |\log t|}\) is an upper function for \(t ightarrow 0\). Data...
-
\(\left(\frac{3 a^{4}}{7} ight)^{3}\) Simplify the expression.
-
RETAINED EARNINGS STATEMENT McGregor Company had the following balances and results for the current calendar year: Retained earnings, January 1.......$60,000 Cash dividends declared........5,000 Net...
-
Can you guys help me resolve this problem?. 1.5 The Accounting Equation and Financial Statements 15 pts. Problem and Directions: The New Life Dance Company had the following events during 2019: 1...
-
Senior Home Living (SHL) is a Canadian-based corporation located in British Columbia. SHL provides senior living residences across Canada. The company was incorporated in 1975, and has been...
-
What is the discounted return on investment for problem 3.3 using a discount rate of 15% per annum assuming the cash flows are received at the middle of the year? What is the discounted profit to...
-
Question 3 B [Soalan 3] (a) A conveyor system consists of EIGHT(8) major components of which all components must be working in order for the overall system to function. As illustrated below in Figure...
-
In making the correct diagnosis, it was important to know that Carls serum albumin level was normal. Why? Why was Carls urinary Ca 2+ excretion elevated (hypercalciuria)? What was the relationship...
-
The pricing analyst at Richford Triathlon finds that when she increases the price of the Richford Florida triathlons from 650 USD to 750 USD, the event ticket sales drop from 4,000 to 3,800. Show all...
-
1) Write a program using the switch statement name Grade Report that reads a grade from the user and prints the comments accordingly. Hint Prompt the user to enter their grade user must be prompt to...
-
A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $107,000 and will generate $43,000 in net cash flows for five years. Note: Negative...
-
You are a recruiter for an organization that is planning on expanding its accounting department. You are tasked with finding a highly - skilled, knowledgeable worker. Create a job description for the...
-
Consider the reaction of acetic acid in water CH 3 CO 2 H(aq) + H 2 O(l) CH3CO 22 (aq) + H 3 O + (aq) where Ka 5 1.8 3 1025. a. Which two bases are competing for the proton? b. Which is the stronger...
-
On July 1, 2012, Ted, age 73 and single, sells his personal residence of the last 30 years for $365,000. Ted's basis in his residence is $35,000. The expenses associated with the sale of his home...
-
Jan has two jobs during 2012. One employer withheld and paid FICA taxes on $66,600 of Jan's salary, and the other employer withheld and paid FICA taxes on $44,400 in salary paid to Jan. Calculate the...
-
During 2012, Tom sold Sears stock for $10,000. The stock was purchased 4 years ago for $13,000. Tom also sold Ford Motor Company bonds for $35,000. The bonds were purchased 2 months ago for $30,000....
-
The price of 3Cube, Inc., stock will be either \($30\) or \($50\) at the end of the year. Call options are available with one year to expiration. T-bills currently yield 5 percent. a. Suppose the...
-
A one-year call option contract on Cheesy Poofs Co. stock sells for \($1,800.\) In one year, the stock will be worth \($30\) or \($50\) per share. The exercise price on the call option is \($35.\)...
-
Rackin Pinion Corporations assets are currently worth \($900.\) In one year, they will be worth either \($600\) or \($1,200.\) The riskfree interest rate is 5 percent. Suppose Rackin Pinion has an...
Study smarter with the SolutionInn App