Managerial decision analysis, Strategic Management

Assignment Help:

A transport company must collect and deliver loads from and to various locations along a straight road (call it the x -axis). The truck must start and end each day at the origin (that is at x = 0). Furthermore, the truck can only carry a single load at a time, and must complete one job before carrying out the next one. Suppose in one day there are N jobs with collection and delivery points: (c1; d1); (c2; d2); : : : ; (cN; dN). So, for example, if N = 2 and the jobs are (2; 4) and (1; 5), and the truck dealt with the second job ¯rst, its path would be: 0, 1, 5, 2, 4, 0. Whereas, if the first job was done first, the path would be: 0, 2, 4, 1, 5, 0. Note that the total distances travelled are 14 and 16, respectively.

We must decide how to sequence the jobs to minimize the total distance travelled.

1. Model this problem as an integer linear program, and more specifically as an example of a travelling salesperson problem. Your solution should include precise definitions of your decision variables, constraints and objective function. For example: let xij = 1 if load j is processed immediately after load i and xij = 0 otherwise.

2. Construct a small numerical example, and use your model and Excel Solver to generate a travel plan for your example. Your assignment submission should be in pdf format and should include the model for part 1, details of the Solver model for part 2 and the numerical solution.


Related Discussions:- Managerial decision analysis

Prepare a strategic plan for the company, Problem: You have just been n...

Problem: You have just been nominated at the head of an IT firm and your first assignment is to prepare a strategic plan for the company. a) Give a brief overview of your

Mensa, Develop a five-year strategic plan with cost estimates and a time li...

Develop a five-year strategic plan with cost estimates and a time line. It should be 5-7 double-spaced, typed (12 point) pages plus exhibits. Your plan should include/address the f

Develop wind energy offshore, We know from a great deal of research that wh...

We know from a great deal of research that when asked to assign probabilities to uncertain states of nature most people give answers that are over-confident when calibrated against

Coherent strategy should have four important elements, QUESTION (a) Any ...

QUESTION (a) Any coherent strategy should have four important elements (Saloner al). Write short notes on each of the four elements (b) Modes of Strategic Management are the

Define the concept of strategic performance management, (a) Define the conc...

(a) Define the concept of strategic performance management.  (b) Explain how the Balanced Score Card (BSC) is used to connect strategic planning to performance measurement in

Prepare a short notes on normal distribution, Problem 1: a. Prepare a s...

Problem 1: a. Prepare a short notes on Normal distribution. b. The probability that an employee getting occupational disease is 20%. In a firm having five employees, what is th

Corporate parenting, Corporate parenting is a type of business strategy tha...

Corporate parenting is a type of business strategy that views a corporation in terms of resources and capabilities in an effort to develop business unit value, and align those busi

Systematic analysis, At this time, take a step back and clear your head. Sp...

At this time, take a step back and clear your head. Spend a few moments in deeper thought about yourself, in a self-evaluative manner. Then, describe how you will incorporate what

Disadvantages of divisional structures, Q. Disadvantages of divisional stru...

Q. Disadvantages of divisional structures? - As the complexity and diversity of products and markets within the group increase, central coordination by a head office or holding

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