The firm needs to satisfy all demand each day, but would like to minimize the total costs. The firm’s problem falls within which classification? Multiple Choice Cost-benefit-trade-off Assignment problems Transshipment problems Transportation problems Resource-allocation
The firm needs to satisfy all demand each day, but would like to minimize the total costs. The firm’s problem falls within which classification? Multiple Choice Cost-benefit-trade-off Assignment problems Transshipment problems Transportation problems Resource-allocation
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter4: Linear Programming Models
Section: Chapter Questions
Problem 73P
Related questions
Question
A firm has 4 plants that produce widgets. Plants A, B, and C can each produce 100 widgets per day. Plant D can produce 50 widgets per day. Each day, the widgets produced in the plants must be shipped to satisfy the demand of 3 customers. Customer 1 requires 75 units per day, customer 2 requires 100 units per day, and customer 3 requires 175 units per day. The shipping costs for each possible route are shown in the table below:
| Shipping Costs | Customer | ||||||||
| per unit Plant | 1 | 2 | 3 | ||||||
| A | $ | 25 | $ | 35 | $ | 15 | |||
| B | $ | 20 | $ | 30 | $ | 40 | |||
| C | $ | 40 | $ | 35 | $ | 20 | |||
| D | $ | 15 | $ | 20 | $ | 25 | |||
The firm needs to satisfy all demand each day, but would like to minimize the total costs.
The firm’s problem falls within which classification?
Multiple Choice
-
Cost-benefit-trade-off
-
Assignment problems
-
Transshipment problems
-
Transportation problems
-
Resource-allocation
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