Question: In Problem 42, KanTech Corporation is just as concerned that its U.S. distributors receive shipments in the minimum amount of time as they are about

In Problem 42, KanTech Corporation is just as concerned that its U.S. distributors receive shipments in the minimum amount of time as they are about minimizing their shipping costs. Suppose that each U.S. distributor receives one major container shipment each month. Following are summaries of the shipping times (in days) between each of the embarkation and destination points along KanTech€™s overseas supply chain. These times encompass not only travel time but also processing, loading, and unloading times at each port:

a. Formulate and solve a linear programming model to determine the optimal shipping route for each distribution center along this supply chain that will result in the minimum total shipping time. Determine the shipping route and time for each U.S. distributor.
b. Suppose the European ports can accommodate only three shipments each. How will this affect the solution in part(a)?

U.S. Port European Port 4. Norfolk 1. Gdansk 2. Hamburg 3. Lisbon 5. Jacksonville 6. New Orlens 7. Galveston 17 25 24 20 21 27 23 24 26 26 Inland Port U.S. Port 8.Dl 9. Kansas City 10. Front Royal 10 12 4. Norfollk 5. Jacksonville 6. New Orleans 7. Galveston 10 12 Distribution Center Inland Por . Tucson 12. Denver 13. Pittsburgh 14. Nashville 15. Cleveland 8. Dallas 9. Kansas City 10. Front Royal 6 10

Step by Step Solution

★★★★★

3.43 Rating (162 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a The model formulation is the same as problem 42 except the available shipm... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

300-B-F-F-M (3447).docx

120 KBs Word File

Students Have Also Explored These Related Finance Questions!

1. Describe the usefulness of a conceptual framework. 2. Describe the FASB's efforts to construct a conceptual framework. 3. Understand the objectives of financial reporting. 4. Identify the...

In Problem S10-32 Phillups Corporation is just as concerned that its U.S. distributors receive shipments in the minimum amount of time as they are about minimizing their shipping costs. Suppose each...

a. Formulate and solve a linear programming model to determine the number of Family Thrillseekers and the number of Classy Cruisers that should be assembled. Before she makes her final production...

A. Develop and solve a linear programming model to determine output and input requirements which will maximize profits. B. Senior management is considering implementing modifications to the Bayou 1...

In Problem 44, KanTech Corporation is just as concerned that its U.S. distributors receive shipments in the minimum amount of time as they are about minimizing their shipping costs. Suppose that each...

KanTech Corporation is just as concerned that its U.S. distributors receive shipments in the minimum amount of time as they are about minimizing their shipping costs. Suppose that each U.S....

$11-31. In problem S11-21 Phillups Corporation is just as concerned that its U.S. distributors receive shipments in the minimum amount of time as they are about minimizing their shipping costs....

Using Excel, please have step by step instructions using Solver. In Problem Phillups Corporation is just as concerned that its U.S. distributors receive shipments in the minimum amount of time as...

IMA EDUCATIONAL Case Case Journal Study ima Fair and Square? Ethical Dilemmas at Bexley Box Company Susan F. Weiss, PhD CMA CFM CPA CGMA CSCA Assistant Professor Rhode Island College The Association...

Consider the situation faced in the 1990s by Carolina Distributors, a Fortune 500 distributor of medical and surgical supplies. Sales had more than tripled in five years (325%) to nearly $3 billion....

Supply Chain Management Introduction Outline What is supply chain management? Significance of supply chain management. Push vs. Pull processes utdallas.edu/~metin 1 A Generic Supply Chain Sources:...

Selected transactions for the Nikolai Company are presented in journal form below. J1 Date Account Titles and Explanation Ref. Debit Credit May 5 Accounts Receivable 6,000 Service Revenue 6,000...

Troy is single, runs his own hardware business, and paid $3500 in healthcare insurance premiums for himself during the current tax year. Troy's net profit from the business is $225,000. What...

Find the derivative: Show your work o n your scratch sheet neatly written with answer circled. f ( x ) = 5 - 4 x

1. Consider the 18-rule as a guide and determine the value of "n" in the following complexes: i- Naz Fe(CO). ii- MnBr(CO)a iii- W(n-C.H6) (C). iv- Rh(n5-C3H3) (CO), v- Cr(n-CSH5) (CO)n (CH3)

(a)Use Least Squares Method to fit a line to the following data: (1,2),(2,5), (3 , 3), (4, 8)and (5 , 7) 2 1 (b) Let 4 =0 2 4 2 Find 4 and |4 |, and verify that 6. p(A)

Which of the following factors generally does not impact managements capital structure strategy? a. Business risk. b. Tax position. c. Management aggressiveness. d. Expected return on assets.

A retail website sells a variety of products including clothes, electronics, furniture, sporting goods, books, video games, CDs and DVDs, among other items. An average customer order is $47. Weekly...

Design for Quality (D4Q) is a consulting firm that specializes in the design and implementation of quality management programs for service companies and organizations. It has had success designing...

Stocks X and Y have the following probability distributions: Calculate the expected rate of return for each stock. Calculate the standard deviation for each stock. Calculate the coefficient of...

6. Modigliani and Miller assumptions In 1958 Franco Modigliani and Merton Miller (MM) published a set of research papers that revolutionized the theory of a corporation's capital structure. In their...

Drill Problem 1 0 - 1 3 ( Algo ) [ LU 1 0 - 3 ( 1 ) ] Given Principal $ 1 4 , 0 0 0 , Interest Rate 7 % , Time 2 4 0 days ( use ordinary interest ) Partial payments: On 1 0 0 th day, $ 5 , 4 0 0 ; On...