Question: Direction: Read the question carefully and solve it in your answer booklet by showing all the required steps. 4. The ICARE Company has three plants

 Direction: Read the question carefully and solve it in your answer

Direction: Read the question carefully and solve it in your answer booklet by showing all the required steps. 4. The ICARE Company has three plants located throughout a state with production capacity 50, 75 and 25 gallons. Each day the firm must furnish its four retail shops R1, R2. R3, & R4 with at least 20, 20, 50, and 60 gallons respectively. The transportation costs (in Rs.) are given below. The economic problem is to distribute the available product to different retail shops in such a way so that the total transportation cost is minimum? Apply Vogel's Approximation Method and solve the following table. (15 marks) Retail Supply Company R1 R2 R3 R4 P1 3 5 7 6 50 P2 2 5 8 2 75 P3 3 6 9 2 25 Demand 20 20 50 60 (Rubric: 15 marks @ 3 marks for each correct iteration process + 3 marks for the final formula and answer)

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