Turkish mining and petroleum affairs directorate is planning to bid three boron mines in Eskiehir. These...

 

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Turkish mining and petroleum affairs directorate is planning to bid three boron mines in Eskişehir. These three locations have 5.000 10.000 and 15.000 metersquare available areas. Currently there are 4 bidder companies for these mines and a single bidding company can not bid more than 30% of total available area i.e, 9000 metersquare, available. The bids per metersquare at all areas has been given in Table1. As represented in Table 1 Bidding company 2 does not want to bid for location 2 and bidding company 3 does not want to bid for location 3. Please formulate a balanced transportation table, maximizing the total revenue of Turkish mining and petroleum affairs. (30 pts) Bidder 1 2 3 4 180 TL 650 TL 430 TL 280 TL Location 1 220 TL ‒‒‒‒‒‒ 150 TL 490 TL Location 2 Location 3 500 TL 320 TL --=== 130 TL Turkish mining and petroleum affairs directorate is planning to bid three boron mines in Eskişehir. These three locations have 5.000 10.000 and 15.000 metersquare available areas. Currently there are 4 bidder companies for these mines and a single bidding company can not bid more than 30% of total available area i.e, 9000 metersquare, available. The bids per metersquare at all areas has been given in Table1. As represented in Table 1 Bidding company 2 does not want to bid for location 2 and bidding company 3 does not want to bid for location 3. Please formulate a balanced transportation table, maximizing the total revenue of Turkish mining and petroleum affairs. (30 pts) Bidder 1 2 3 4 180 TL 650 TL 430 TL 280 TL Location 1 220 TL ‒‒‒‒‒‒ 150 TL 490 TL Location 2 Location 3 500 TL 320 TL --=== 130 TL

Answer rating: 100% (QA)

To formulate a balanced transportation table to maximize the total revenue of the Turkish mining and petroleum affairs directorate we can use the transportation problem approach The goal is to allocat... View the full answer