Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sign in Sign up BUSI 2013 2nd Assignment Summer 2022 1. (50 points) Yorktown company exports crude oil from United States to Canada by cargo

image text in transcribed
Sign in Sign up BUSI 2013 2nd Assignment Summer 2022 1. (50 points) Yorktown company exports crude oil from United States to Canada by cargo plane, truck and ship. The company has $600000 available to develop its fleet. Here is the information on three forms of transportation. Monthly Operating Capacity Purcase Cost, Including Model (gallons) Cost Depreciation Truck 5000 $67000 $550 Ship 2500 $55000 $425 Cargo Plane 1000 $16000 $350 The company estimates that the monthly demand for the region will be at-least. 550000 gallons of crude oil. The number of deliveries or round trips possible per month for each method of transportation will vary. Trip capacities are estimated to be 15 trips per month by truck, 20 trips per month by ship, and 25 trips per month by cargo plane. The company does not want to add more than 15 new vehicles to its fleet, In addition, the company has decided to purchase at least three new cargo planes. As a final constraint, the company does not want more than half the new models to be trucks. 1. If the company wishes to satisfy the crude oil demand with a minimum monthly operating expense, how many models of each type of transportation should be purchased? (solution should be integer valued) 2. If the company did not require at least three cargo planes and did not limit the number of trucks to at most half the new models, how many models of each types of transportation should be purchased

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

Regulation Of Lawyers Problems Of Law And Ethics

Authors: Stephen Gillers

12th Edition

1543825869, 978-1543825862

More Books

Students also viewed these Law questions

Question

Is it tenure-track, tenured, or something other designation?

Answered: 1 week ago