RVW (Restored Volkswagens) buys 15 used VW's at each of two car auctions each week held at different locations. It then transports the cars to repair shops it contracts with. When they are restored to RVW's specifications, RVW sells 10 each to three different used car lots. There are various costs associated with the average purchase and transportation prices from each auction to each repair shop. Also there are transportation costs from the repair shops to the used car lots. RVW is concerned with minimizing its total cost given the costs in the table below. Given the costs below, draw a network representation for this problem. a. Repair Shops S2 500 Used Car Lots L1 L2 300 L3 550 600 sI 250 Auction 1 Auction 2 500 450 S2 350 650 450 b. Formulate this problem as a transshipment linear programming model. с. Report the optimal solution using excel solver.

RVW (Restored Volkswagens) buys 15 used VW's at each of two car auctions each week held at different locations. It then transports the cars to repair shops it contracts with. When they are restored to RVW's specifications, RVW sells 10 each to three different used car lots. There are various costs associated with the average purchase and transportation prices from each auction to each repair shop. Also there are transportation costs from the repair shops to the used car lots. RVW is concerned with minimizing its total cost given the costs in the table below. Given the costs below, draw a network representation for this problem. a. Repair Shops S2 500 Used Car Lots L1 L2 300 L3 550 600 sI 250 Auction 1 Auction 2 500 450 S2 350 650 450 b. Formulate this problem as a transshipment linear programming model. с. Report the optimal solution using excel solver.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 3PB: Cinnamon Depot bakes and sells cinnamon rolls for $1.75 each. The cost of producing 500,000 rolls in...

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