subject
Business, 05.05.2020 19:34 chris1619

Forbelt Corporation has a one-year contract to supply motors for all refrigerators produced by the Ice Age Corporation. Ice Age manufactures the refrigerators at four locations around the country: Boston, Dallas, Los Angeles, and St. Paul. Plans call for the following number (in thousands) of refrigerators to be produced at each location:

Boston 50
Dallas 70
Los Angeles 60
St. Paul 80

Forbelt has three plants that are capable of producing the motors. The plants and productions capacities (in thousands) are:

Denver: 100
Atlanta: 100
Chicago: 150

Because of varying production and transportation cost, the profit that Forbelt earns on each lot of 1000 units depends on which plant produced the lot and which destination it was shipped to.
The following table fives the accounting department estimates of the profit per lot (shipments will be made in lots of 1000 units).

Shipped to
Produced At Boston Dallas Los Angeles St. Paul
Denver 7 11 8 13
Atlanta 20 17 12 10
Chicago 8 18 13 10

With profit maximization as a criterion, Forbelt wants to determine how many motors should be produced at each plant and how many motors should be shipped from each plant to each destination.
(a) Write a linear programming formulation of this problem.
(b) Find the optimal solution by using Excel. Include the computer output.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 02:40
Which critical success factor improves with reduced cycle time, better quality standards, and improved efficiency when an is is implemented?
Answers: 3
question
Business, 22.06.2019 10:50
Explain whether each of the following events increases, decreases, or has no effect on the unemployment rate and the labor-force participation rate.a. after a long search, jon finds a job.b. tyrion, a full-time college student, graduates and is immediately employed.c. after an unsuccessful job search, arya gives up looking and retires.d. daenerys quits her job to become a stay-at-home mom.e. sansa has a birthday, becomes an adult, but has no interest in working.f. jaime has a birthday, becomes an adult, and starts looking for a job.g. cersei dies while enjoying retirement.h. jorah dies working long hours at the office.
Answers: 2
question
Business, 22.06.2019 20:20
Why is it easier for new entrants to get involved in radical innovations when compared to incumbent firms? a. unlike incumbent firms, new entrants do not have to face the high entry barriers, initially. b. new entrants are embedded in an innovation ecosystem, while incumbent firms are not. c. unlike incumbent firms, new entrants do not have formal organizational structures and processes. d. incumbent firms do not have the advantages of network effects that new entrants have.
Answers: 2
question
Business, 22.06.2019 21:10
Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.
Answers: 3
You know the right answer?
Forbelt Corporation has a one-year contract to supply motors for all refrigerators produced by the I...
Questions
question
Mathematics, 17.10.2021 06:30
question
World Languages, 17.10.2021 06:30
question
Computers and Technology, 17.10.2021 06:30
question
Biology, 17.10.2021 06:30
question
English, 17.10.2021 06:30
question
Mathematics, 17.10.2021 06:30
question
History, 17.10.2021 06:40
question
History, 17.10.2021 06:40
Questions on the website: 13722367