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Widgetco Widgetco manufactures widgets at two factories, one in Memphis and one in Denver. The Memphis factory can produce as 150 widgets, and the Denver factory can produce as many as 200 widgets per day. Widgets are shipped by air to customers in LA and Boston. The customers in each city require 130 widgets per day. Because of the deregulation of airfares, Widgetco believes that it may be cheaper first fly some widgets to NY or Chicago and then fly them to their final destinations. The cost of flying a widget are shown next. Widgetco wants to minimize the total cost of shipping the required widgets to customers. NY Chicago LA Boston Supply Memphis $18 $23 $30 $38 150 Denver $25 $22 $36 $35 200 NY $0 $16 $26 $27 350 Chicago $16 $0 $24 $26 350 Demand 350 350 130 130 Supply: Memphis and Denver Demand: LA and Boston Distribution: NY and Chicago Formulate and solve the LP to find the least-cost means of shipping supplies.
George Johnson recently inherited a large sum of money; he wants to use a portion of this money to set up a trust fund for his two children.
Given the following list of processes, the standard deviation for each, and specifications for a job that may be processed on that machine determine which machine/machines is/are capable of performing the given jobs.
The United States exports in services are increasing rapidly and have a positive balance relative to the imports of services. Use the Dabur India Ltd. and Parmalat USA Turnaround cases to identify examples of American firms that offer specialized bus..
Identify some of the challenges that you will face in opening the new facility in your specific community, such as assembling and managing the required staff; providing the required services and resources; building rapport in the new community; en..
The injection molding department of a company uses 40 pounds of powder per day. inventory is reordered when the amount on hand is 240 pounds. lead time averages five days. it is normally distributed and has a standard deviation of two days. what is t..
Examine the influences of social connections and technology and civic engagement in academic and professional pursuits. Evaluate the significance of social capital in the context of global citizenship and multicultural understanding.
Identify a service business in your community and describe their supply chain. What is the role of supply chain management in very small firms, such as family enterprises, independent restaurants, independent hardware stores, and appliance repair sho..
Elucidate what is the minimum price the product could have been sold for to cover the unit cost, period expenses also overhead.
In early 2010,Toyota issued a recall for over 8,000,000 vehicles because there were increasing complaints about a sudden unintended acceleration (SUA) issue. Discuss the possible product liability theories that would apply. If the floor mats were get..
How do policy makers trying to bring about change use the model of "half full" and "half empty"---either to argue for change on behalf of minorities or to use the same concepts to maintain that the status quo is adequate for addressing issues of s..
Describe the major trends that debt management ratios exhibit, and provide an opinion on what this means to the company. Describe how this company is doing relative to its industry (compare your company’s ratios to the industry’s ratios). For Procter..
You are starting a new position with an international organization, well known as the United Nations as a development economist. Create a presentation you would present at an interview to the interviewers. Include the following: Describe the position..
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