Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ceorgia and Armonia. A company produces cotton fabrics and sells their product to Bulgaria, Greece, The annual demand for their product differs for each country;
ceorgia and Armonia. A company produces cotton fabrics and sells their product to Bulgaria, Greece, The annual demand for their product differs for each country; Bulgaria 1,000,000, Greece 1,500,000, Georgia 2,000,000 and Armenia 2,500,000 units. The company considers building factories in four different cities: Krklareli, Tekirda, Arvin, gair. The cost of production in a city and shipping it to a country is given in the following table. Any factory can produce as many as 1,750,000 cotton fabrics per year. The annual fixed cost of operating a factory in each city is also given in the following table. At least 500,000 units of the Georgia demand for cotton fabrics must come from Krklareli, or at least 500,000 units of the Georgia demand must come from Tekirda. Formulate an IP whose solution will tell the company how to minimize the annual cost of meeting demand for their product and where if any should they build a factory. Price by Country (TL) City Bulgaria Greece Georgia Armenia Annual Fixed Cost (TL) Karklareli 70 75 100 111 4,000,000 Tekirda 75 70 120 122 5,000,000 Artvin 80 85 50 55 3,000,000 lichr 77 69 44 40 3,500,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started