Transeast Airlines flies planes on the following route:L.A.–Houston–N.Y.–Miami–L.A. The length (in miles) ofeach segment of this trip is as follows: L.A.–Houston, 1,500miles; Houston–N.Y., 1,700 miles; N.Y.–Miami, 1,300miles; Miami–L.A., 2,700 miles. At each stop, the planemay purchase up to 10,000 gallons of fuel. The price of fuelat each city is as follows: L.A., 88¢; Houston, 15¢; N.Y.,$1.05; Miami, 95¢. The plane’s fuel tank can hold at most12,000 gallons. To allow for the possibility of circling overa landing site, we require that the ending fuel level for eachleg of the flight be at least 600 gallons. The number ofgallons used per mile on each leg of the flight is1 (average fuel level on leg of flight/2,000)Review Problems 123To simplify matters, assume that the average fuel level onany leg of the flight isFormulate an LP that can be used to minimize the fuel costincurred in completing the schedule
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Transeast Airlines flies planes on the following route:
L.A.–Houston–N.Y.–Miami–L.A. The length (in miles) of
each segment of this trip is as follows: L.A.–Houston, 1,500
miles; Houston–N.Y., 1,700 miles; N.Y.–Miami, 1,300
miles; Miami–L.A., 2,700 miles. At each stop, the plane
may purchase up to 10,000 gallons of fuel. The price of fuel
at each city is as follows: L.A., 88¢; Houston, 15¢; N.Y.,
$1.05; Miami, 95¢. The plane’s fuel tank can hold at most
12,000 gallons. To allow for the possibility of circling over
a landing site, we require that the ending fuel level for each
leg of the flight be at least 600 gallons. The number of
gallons used per mile on each leg of the flight is
1 (average fuel level on leg of flight/2,000)
Review Problems 123
To simplify matters, assume that the average fuel level on
any leg of the flight is
Formulate an LP that can be used to minimize the fuel cost
incurred in completing the
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