Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a) Company X wants to set-up a new manufacturing facility in Ireland to service customers. Based on the source and market information provided above, calculate

a) Company X wants to set-up a new manufacturing facility in Ireland to service customers. Based on the source and market information provided above, calculate the least-cost center/location on the grid. Which source center would you recommend?

b) It is anticipated that in 2020 the Waterford market will grow by 250 tons and that this will be served from Dublin, will this affect the position of the least cost center/location on the grid?

c) In your opinion what are some strengths and weaknesses to this technique.

Sources Rate/ton-km Tons Horizontal Vertical
Limerick (S1) 0.85 650 800 1120
Dublin (S2) 0.9 350 850 1110
Cork (S3) 0.7 400 650 850

Market Rate/ton-km Tons Horizontal Vertical
Waterford (m1) 3.5 152 600 500
Kilkenny (m2) 3.5 253 1050 1200
Nenagh (m3) 3.5 450 800 300
Belfast (m4) 3.5 250 925 975
Galway (m5) 3.5 400 1000 1080

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Robo Auditing Using Artificial Intelligence To Optimize Corporate Finance Processes

Authors: Patrick J.D. Taylor, Manish Singh, Nathanael J. L'Heureux

1st Edition

1544511442, 978-1544511443

More Books

Students also viewed these Accounting questions

Question

Identify the elements that make up the employee reward package.

Answered: 1 week ago

Question

Understand the purpose, value and drawbacks of the interview.

Answered: 1 week ago