Question: Problem 4: A bank has two sites at which checks are processed. Site 1 can process 10,000 checks per day, and site 2 can process

Problem 4: A bank has two sites at which checks

Problem 4: A bank has two sites at which checks are processed. Site 1 can process 10,000 checks per day, and site 2 can process 6,000 checks per day. The bank processes three types of checks: vendor, salary, and personal. The processing cost per check depends on the site and type of check, as shown in the following table: Checks Vendor Salary Personal Cost (in () to Process at Site 1 2 5 3 4 4 2 5 Each day, 5,000 checks of each type must be processed. Formulate a balanced transportation problem to minimize the daily cost of processing checks. (Note: For this problem, you should provide a drawing of the minimum-cost flow network. Explain in words what nodes and arcs represent, and label nodes and arcs with all relevant data. You need not solve the optimization model.)

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