Business decision model, Business Management

Assignment Help:

Commonly used for delivery of fuel products, a truck / trailer combination has five product compartments: three in the lead trailer and two in the pup trailer. The lead trailer's compartments can hold 2,700, 2,800, and 1,100 gallons of fuel respectively, while the pup compartments can hold 1,800 and 3,400 gallons of fuel respectively, for a total capacity of 11,800 gallons.

Three types of unleaded fuel (premium, mid-grade, and regular) are required at a customer's gas station. The gas station requires 2,900 gallons of premium, 4,000 gallons of mid-grade, and 4,900 gallons of regular gasoline.

Each compartment can only carry one type of fuel. The fuel supplier is under contract to meet the gas station's demand - if demand cannot be met, then the supplier will pay a penalty of $10/gallon for premium, $8/gallon for mid-grade, and $6/gallon for regular gasoline not delivered.

The maximum allowed shortage is 500 gallons for each type of fuel.

How should the company load the truck?

Part a: Should contain the mathematical formulation of the problem - decision variables, objective function and constraints.

Part b: Excel formulation worksheet and answer report.


Related Discussions:- Business decision model

Customer barganning power, does gender has any influence on customer bargai...

does gender has any influence on customer bargaining power?

Humanistic aspects of tq, The human element is the most important input i...

The human element is the most important input in any industrial enterprise and it is the one which is most difficult to control. Quality Management is essentially a control

Problem based on Deregulation in india, a) Some of the dangers/risks might ...

a) Some of the dangers/risks might include: Cultural differences -British and American businesses may not be aware of the norms and cultures in India. For example, the clot

Important provisions for employee welfare, What are the important provision...

What are the important provisions for employee Welfare? Welfare: Provisions associated to welfare are as illustrated: a. Washing facilities for sitting b. First aid

What is free rein or laissez faire in leadership, What is free rein or lais...

What is free rein or laissez faire in leadership? Free Rein or Laissez Faire: • Leadership leaves subordinates completely to themselves for task achievement. • Exercis

Disposal of rejected product, The product which is rejected in final ins...

The product which is rejected in final inspection represents a direct loss to the manufacturer. Therefore most companies have a system of review of the rejected product. This

MARKETING PRINCIPLES, THE CONCEPT OF SEGMENTATION IN APPLE'' COMPANY IN ORD...

THE CONCEPT OF SEGMENTATION IN APPLE'' COMPANY IN ORDER PLEASE

What are the job affecting factors of the morale, What are the job affectin...

What are the job affecting factors of the Morale? Job affecting factors of morale: a. Nature of job, b. Boredom and Fatigue related along with the job, c. Employees

Example of tqm in services, Customers are surveyed every three months t...

Customers are surveyed every three months to determine how satisfactory the bank services are to customers. Areas of deficiency are identified policies are reviewed and co

Lcapital investment, what are the posible implications of capital investmen...

what are the posible implications of capital investment decision?

Write Your Message!

Captcha
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