DFCivil is a Turkish company located in istanbul (i). DFCivil is considering sending orders to customers...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
DFCivil is a Turkish company located in istanbul (i). DFCivil is considering sending orders to customers in Los Angeles (LA) through Milano (M) and Rotterdam (R) route. Hence the route is istanbul-Milano-Rotterdam-Los Angeles. The company has the option to choose a different mode of transportation for each segment of the route. The costs for each mode of transportation used at each segment are given below. These costs are total costs for shipments between segments and do not depend on the volume of the shipment. Note that some of the modes are not available (NA) for some segments. City Pair Mode İ-M M-R R-LA $500 $400 $600 $400 Rail NA Highway NA Sea NA NA $2400 Moreover, there is a cost for changing the transportation mode at each city. These costs are given in the table below. The costs of initial loading at istanbul and final unloading at Los Angeles are assumed to be zero. To Rail Highway $150 $0 Sea Rail $0 $200 5 Highway $100 $200 $150 Sca $100 $0 The company wants to minimize its shipment cost by using the appropriate modes of transportation at each segment. a) (15 points) Formulate a mathematical model in open form that can be used to minimize the total cost of the shipment. Define your decision variables. Discuss the objective function and each constraint. DFCivil is a Turkish company located in istanbul (i). DFCivil is considering sending orders to customers in Los Angeles (LA) through Milano (M) and Rotterdam (R) route. Hence the route is istanbul-Milano-Rotterdam-Los Angeles. The company has the option to choose a different mode of transportation for each segment of the route. The costs for each mode of transportation used at each segment are given below. These costs are total costs for shipments between segments and do not depend on the volume of the shipment. Note that some of the modes are not available (NA) for some segments. City Pair Mode İ-M M-R R-LA $500 $400 $600 $400 Rail NA Highway NA Sea NA NA $2400 Moreover, there is a cost for changing the transportation mode at each city. These costs are given in the table below. The costs of initial loading at istanbul and final unloading at Los Angeles are assumed to be zero. To Rail Highway $150 $0 Sea Rail $0 $200 5 Highway $100 $200 $150 Sca $100 $0 The company wants to minimize its shipment cost by using the appropriate modes of transportation at each segment. a) (15 points) Formulate a mathematical model in open form that can be used to minimize the total cost of the shipment. Define your decision variables. Discuss the objective function and each constraint.
Expert Answer:
Related Book For
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
Posted Date:
Students also viewed these accounting questions
-
The S-parameters of a transistor measured at 1 GHz are given below (Zo at both ports 50 (2) 1. Is this network lossless, reciprocal? 2. Calculate the input impedance if the 2nd port is loaded by...
-
Sea Dock, a private firm, operates an unloading facility in the Gulf of Mexico for supertankers delivering crude oil for refineries in the Port Arthur area of Texas. Records show that, on average, 2...
-
Los Angeles City Hall wants to survey some of its residents in person, asking whether the tallest building in the world should be built in the city. Which of the four sampling methods discussed in...
-
The city pool loses 1.0 inch of water every week due to evaporation. If the pool is 25 yards long and 12 yards wide, what is the energy required to keep the pool at 15C. If the cost of energy is...
-
Samsung (Samsung.com) is a leading manufacturer of consumer electronic products. The following selected information is available from Samsungs financial statements along with that from Apple and...
-
What does it mean when a process is said to be in control or out of control?
-
Fashion Fabrics sells sewing and craft materials to specialty retail and department stores. For the year, the company's New York Division had the following performance targets: Actual information...
-
LIFO Inventory Advantages Jane Yoakam, president of Estefan Co., recently read an article that claimed that at least 100 of the countrys largest 500 companies were either adopting or considering...
-
Why did Panera Bread decide to move in this direction? What are the potential benefits of integrating this technology? What challenges might this present for Panera's store managers, assistant...
-
The Albertville City Council decided to pool the investments of its General Fund with Albertville Schools and Richwood Township in an investment pool to be managed by the city. Each of the pool...
-
Scenario: Assume you are a financial consultant and one of your client is holding an equity portfolio. The value of the portfolio is $1.5 million currently and investing equally in the following 15...
-
Determine how the place strategy supports TOMS positioning statement. Explain how the place strategy is or is not effective.
-
Locate the statute pertaining to reimbursement for fees and costs in the following situation. The Wallace's were foster parents of a 3 year old that was placed with them since birth. About a year...
-
Knowing how long activities take is one of the hardest part of the scheduling process. Assume you are the scheduler for the Vehicle Maintenance Facility. How would you determine the duration of the...
-
Mabel was a millennium baby born in the millennium year of 2000. During the period from 2012 to 2018, she studied Form 1 to Form 6 at ABC School (the "School"). In the year of 2011, the School...
-
Working with the Amazon Financial Statements and the Template below, please classify Balance Sheet line items as operating or nonoperating and calculate NOA & NNO. Also include the number of shares...
-
give a conclusion to the following statement :Even though the report doesn't include exact variability measurements for this statistic, we can still look at some features of the central tendency. For...
-
A study has shown that the probability distribution of X, the number of customers in line (including the one being served, if any) at a checkout counter in a department store, is given by P(X = 0) =...
-
Amanda has 30 years to save for her retirement. At the beginning of each year, she puts $5000 into her retirement account. At any point in time, all of Amandas retirement funds are tied up in the...
-
Consider the proportion of Americans under the age of 18 living below the poverty level. The data are in the file P02_44.xlsx. a. Find the first six autocorrelations of this time series. b. Use the...
-
Draft elevator speeches for Greenpeace, Planned Parenthood, March of Dimes, and the American Institute of Certifi ed Public Accountants (AICPA).
-
Discuss the potential fundraising effectiveness of a board with or without a development committee.
-
Few board members were born with natural fundraising skills. What are the most effective ways to involve every board member in fundraising?
Study smarter with the SolutionInn App