Transportation models are quite flexible

Assignment Help Financial Accounting
Reference no: EM133272758

Michael would like to drink 3 pints of home-brewed craft beer today and an additional 4 pints tomorrow. There are two neighbors on his block who brew beer. Louise is able to sell up to 5 pints of her beer. She's charging $3.00 a pint today and will charge $2.70 a pint tomorrow. Serge is able to sell up to 4 pints of his beer, at $2.90 a pint today, and at $2.80 a pint tomorrow.

Transportation models are quite flexible. The "origins" and "destinations" don't necessarily need to be physical plants or warehouses. In this problem, there is a time component that can be modeled as different destinations - consider the beer that Michael receives today as one destination and the beer he receives tomorrow as the second destination.

a. Draw a network diagram representing the problem.

b. Formulate a linear optimization model that can be used to help Michael decide how much beer to purchase from each neighbor and when. (You do not need to set your model up in Excel and you do not need to solve it.)

Reference no: EM133272758

Questions Cloud

Liquidity and efficiency-solvency and profitability : Looking at the common four building block of financial statement analysis. These being Liquidity and Efficiency, Solvency, profitability
Ethical considerations inherent in expansion : What recommendations would you make and what are the ethical considerations inherent in expansion?
The net cash inflow from financing activities : The net cash inflow (outflow) from financing activities (assuming no other financing activities) equals ______.
What are partnership profits : What are Partnership profits ? are distributed to general partners with interest paid to limited partners.
Transportation models are quite flexible : Transportation models are quite flexible. The "origins" and "destinations" don't necessarily need to be physical plants or warehouses.
Other quality financial source : Find a scholarly article or a recent news article from CNBC, Yahoo Finance, or other quality financial source that includes Dividend Policy in some way.
Investment policy statement : Draft an individual investment policy statement as a guide to your future investment planning. What will be advantages of having an investment policy statement?
Completing the physical inventory : When using a perpetual inventory system, a journal entry is usually required after completing the physical inventory.
Credit and lending products to consumers and businesses : How have Big Tech firms positioned themselves to offer credit and lending products to consumers and businesses?

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the tax saving on the loss in book value

An asset has a first cost of $22,000, What is the tax saving on the loss in book value after tax using an interest rate of 12% per year

  Uses activity-based costing

TThomas, Inc uses activity-based costing. The company produces two products, 001 and 002. Information relating to the two products is as follows: Units produced, 001is 38,000. 002 is 50,000. Machine-hours, 001 is 15,000. 002 is 17,000. Direct labor-h..

  Prepare the statement of cash flows with a total column

Prepare the statement of cash flows with a total column for the three-year period. (Do not include reconciliation of net income to net cash provided by operating activities).

  Depreciate the millenium falcon using straight-line

ON JANUARY 1, 2016 VADAR SOLD the Jedi sword for $54000. Make the journal entry Vadar makes when it sells the sword. Part 1 5 points: On July 1, 2014 The Vadar Company purchased 3 assets as described below Millenium Falcon cost $900,000 life 10 years..

  Discuss what is the importance of good ethics

What is the importance of good ethics. Why should we be concerned about our actions

  What would report total stockholders equity of

common stock $18,000, and Retained earnings $40,000. A balance sheet prepared on December 31, 2019 would report total stockholders' equity of

  Calculate each project discounted payback period cutoff

Calculate each project's discounted payback period cutoff. Which would you accept if Puppy's payback period cutoff is 2 years?

  Utilize financial strategies that will increase price

Utilize financial strategies that will increase the price of stock. Calculate WACC and capital structure.

  Calculation of contribution margin and gross margin using

calculation of contribution margin and gross margin using marginal costing.1. monsivais corporation a manufacturing

  Calculate the depreciation expense for the Blue Hat Co

Calculate the depreciation expense for the Blue Hat Co. for this new equipment for year ended December 31, 2019

  What is estimate of callahan cost of common equity

If you have equal confidence in the inputs used for the three approaches, what is your estimate of Callahan's cost of common equity?

  Which is true about sampling and non-sampling risks

Which is true about sampling and non-sampling risks? Non-sampling risk can be eliminated by proper engagement planning, supervision, and review.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd