Sample Solution from
Introduction to Operations Research
10th Edition
ISBN: 9780073520575
Chapter 1
Problem 3P
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Textbook Problem

Read the referenced article that fully describes the OR study summarized in the application vignette presented in Sec. 1.4. List the various financial and nonfinancial benefits that resulted from this study.

Expert Solution
Summary Introduction

To list: The various financial and nonfinancial benefits that resulted from the study.

Explanation of Solution

List the various financial and nonfinancial benefits that resulted from the study:

Once there was a severe crisis that could drive Company F out of the business. However, it is managed to survive using the operations research. The firm experienced much flexibility using the new planning system. There was flexibility in choosing the destination that the firm serves, the routes it chooses to reach the destination, and the schedules. The improvement in the schedules induced more reliable and faster services.

The complex system with interdependencies resulted in the efficient use of assets with the help of operations research. Company F was able to deliver the service in a flexible, reliable, and profitable manner with the help of new systems. The company could be able to predict the risks of the future with the new model. The systematic approach of the firm helps them in convincing the employees and the investors with the benefits.

At present, Company F is one of the largest integrated and multi-conveyance freight carriers in the nation.

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