AalbCcDdEe BBCODE AaBbCcDc AaBbccdde AaBbc JADVANCED LOGISTICS, LSM 340 Homework 12, Due on April 21, 2020 Transport coordination 1. As a trucking company owner, you provide transport services to a manufacturing company, Amber, that lets you know the number of trucks needed at the beginning of the day. But you need to prepare your truck fleet a day earlier. It costs you $100 per truck for its preparation and Amber pays you $200 per truck if Amber uses it. Your contract with Amber is if you are unable to provide trucks, you will pay a penalty of $200 per truck to Amber. In that case, Amber gets trucks from a spot carrier at a cost of $900 per truck. Based on past data, Amber has computed the following probability distribution for truck demand. of Tracks needed O Probability 0.2 02 0.2 0.1 1. Compute your profit matrix if you provide 0, 1, 2, 3, 4 or 5 trucks on a given day and expected profits. b. Compute Amber cost matrix if you provide 0, 1, 2, 3, 4 or 5 trucks on a given day and expected costs If Amber makes a volume commitment with you for 3 trucks (you will be paid for at least 3 trucks whether demand exists or not and provide 4 or 5 trucks if needed at $200 per tuck), compute your profit matrix and expected profits, and Amber's cost matrix and expected costs. d. If Amber makes a volume commitment with you for 4 trucks (you will be paid for at least 4 trucks whether demand exists or not and provide 4 or 5 trucks if needed at $200 per tuck), compute your profit matrix and expected profits, and Amber's cost matrix and expected costs. Note: I did several calculations on white board in the class on April 14, 2020, explained formulas used as advised you to note down everything from white board docx: 1,401 characters. (an approximate value) AalbCcDdEe BBCODE AaBbCcDc AaBbccdde AaBbc JADVANCED LOGISTICS, LSM 340 Homework 12, Due on April 21, 2020 Transport coordination 1. As a trucking company owner, you provide transport services to a manufacturing company, Amber, that lets you know the number of trucks needed at the beginning of the day. But you need to prepare your truck fleet a day earlier. It costs you $100 per truck for its preparation and Amber pays you $200 per truck if Amber uses it. Your contract with Amber is if you are unable to provide trucks, you will pay a penalty of $200 per truck to Amber. In that case, Amber gets trucks from a spot carrier at a cost of $900 per truck. Based on past data, Amber has computed the following probability distribution for truck demand. of Tracks needed O Probability 0.2 02 0.2 0.1 1. Compute your profit matrix if you provide 0, 1, 2, 3, 4 or 5 trucks on a given day and expected profits. b. Compute Amber cost matrix if you provide 0, 1, 2, 3, 4 or 5 trucks on a given day and expected costs If Amber makes a volume commitment with you for 3 trucks (you will be paid for at least 3 trucks whether demand exists or not and provide 4 or 5 trucks if needed at $200 per tuck), compute your profit matrix and expected profits, and Amber's cost matrix and expected costs. d. If Amber makes a volume commitment with you for 4 trucks (you will be paid for at least 4 trucks whether demand exists or not and provide 4 or 5 trucks if needed at $200 per tuck), compute your profit matrix and expected profits, and Amber's cost matrix and expected costs. Note: I did several calculations on white board in the class on April 14, 2020, explained formulas used as advised you to note down everything from white board docx: 1,401 characters. (an approximate value)