Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Nedex is a new air freight company that only services the top 3 metro areas in the US and is looking to place it's
Nedex is a new air freight company that only services the top 3 metro areas in the US and is looking to place it's warehouse -- the cities, their locations, and their number of customers is listed below NYC (40,74)-8 customers LA (34, 118)-4 customers Chicago (42,88)-3 customers If it costs $1K to move 1 customer's orders 1 degree, and Nedex places its warehouse in the optimal location to minimize the shipping costs to serve all three locations, how much would Nedex pay each day for shipping to NYC customers? NOTE: I'm trying to make it easier for you -- I'm only looking for how much Nedex would pay to ship goodsS to NYC - this to make it easier for you once you find the optimal location to serve all three cities so you don't have to do too many calculations:) For example if city A is located at (2,1) and city B is located at (2,4), then moving inn customer's orders would cost $3K, because city A and city B are 3 degrees apart. Answer in the nearest thousands of dollars without the dollar sign. For example, if your answer is $343,433.43, enter 343 into the box
Step by Step Solution
★★★★★
3.37 Rating (147 Votes )
There are 3 Steps involved in it
Step: 1
To find the optimal location for Nedexs warehouse to minimize shipping costs to serve all three citi...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