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where n = Number of potential sites at which a plant may be located. m = Number of customer or demand points. k = Maximum
where n = Number of potential sites at which a plant may be located. m = Number of customer or demand points. k = Maximum number of plant's to be set up. Dj = Demand (e.g. annual) from customer j. Ki = Potential capacity of plant at site i. fi = Fixed cost (e.g. annual) of locating a plant at site i. cij = Cost of shipping one unit from plant i to customer j. yi = 1 if plant is located at site i, 0 otherwise. xij = Quantity shipped from plant at site i to customer j. What is the aim of this formulation? Group of answer choices Finds which sites to locate plants and how many plants to open by minimizing the total costs Finds the optimal number of customers whose demands are fully satisfied Finds the capacity on the number of plant's to be set up by minimizing the total costs Calculates potential capacity of each plant by minimizing the total costs None of the above
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