Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. Location 1 Location 2 Location 1 Location3 Location 1 Location4 Location 1 Location5 Location 1 Location6 A car rental company currently has a

image text in transcribed

4. Location 1 Location 2 Location 1 Location3 Location 1 Location4 Location 1 Location5 Location 1 Location6 A car rental company currently has a surplus of 16 cars in location 1 and 18 cars in location 2. Other four locations of the company (Locations 3, 4, 5, and 6) need 10 cars each to support demand. The costs of getting cars from locations 1 and 2 to the other locations are: Location3 Location4 Location5 Location6 5400 2400 1700 1800 2300 1900 3000 3100 For example, it costs $1700 to ship a car from location 1 to location 4. The linear programming model that solves this problem, where the variables are the number of cars shipped from location 'I' to location 'j', is: Minimize Total Transportation cost Subject to Constl # of cars shipped to location 3 < Const 2 # of cars shipped to location 4 Const3 # of cars shipped to location 5 Const 4 # of cars shipped to location 6 Const 5 # of cars shipped from location I Const 6 # of cars shipped from location 2 = The Solver solution ofthis model is: Variables From Location 2 Location3 Location 2 Location4 Location 2 Location5 Location 2 Location6 Constraints Final Value Final Value Reduced Cost 2600 Shadow Price -1300 3000 2600 -10 = 16 18 Objective Coefficient 5400 1700 2300 3000 2400 1800 1900 3100 Constraint R.H. Side Allowable Increase 1+30 500 200 500 200 1+30 500 1+30 Allowable Increase 1+30 Allowable Decrease 2600 1+30 500 200 1+30 500 200 500 Allowable Decrease cell Constl Const2 Const3 Const4 Const5 Const6 Name Location3 Receives Location4 Receives Location5 Receives Location6 Receives Location 1 Ships Location 2 Ships

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

Why Nations Fail The Origins Of Power, Prosperity, And Poverty

Authors: Daron Acemoglu, James Robinson

1st Edition

0307719227, 9780307719225

More Books

Students also viewed these Economics questions

Question

Explain the link between positive thinking and good health.

Answered: 1 week ago

Question

3. How can we confi rm both ourselves and others?

Answered: 1 week ago

Question

2. In what ways can confl ict enrich relationships?

Answered: 1 week ago