Click Here to Chat on WhatsApp
+16312597728

(Get Answer)

 management project and need an explanation and answer to help me learn.

HW-6
Problem 2 (11 points)
The distribution system for the Herman Company consists of three plants, two warehouses, and four customers. Plant capacities and shipping costs per unit (in $) from each plant to each warehouse are as follows.
Plant
Warehouse
Capacity
1
2
1
4
7
450
2
8
5
600
3
5
6
380
Customer demand and shipping costs per unit (in $) from each warehouse to each customer are as follows.
Formulate a linear programming model of the problem. (Let Plant 1 be node 1, Plant 2 be node 2, Plant 3 be node 3, Warehouse 1 be node 4, Warehouse 2 be node 5, Customer 1 be node 6, Customer 2 be node 7, Customer 3 be node 8, and Customer 4 be node 9.
Warehouse
Customer
1
2
3
4
1
6
4
8
4
2
3
6
7
7
Demand
300
300
300
400
a) Define the decision variables. (1 point)
b) Define the objective function (2 points)
c) Define the constraints (5 points)
d) Determine an optimal solution (3 points)
Part-2 (9 points)
Please answer plan 2 of Example 3 (Slide #16) in CH-5-Part-3PowerPoint. ABC company uses the lease contract to replace equipment at least every two years.
The initial lease payment is $60,000. After that, the equipment price increases by 2% every year, and the trade-in credit for equipment used for one year is 30% of the equipment price and 10% for two years of use. ABC company wants to minimize the leasing costs over the next five years when replacing one’sequipment under plan 2.
a) Define the decision variables (1 point)
b) Define the objective function (3 points)
c) Define the constraints (3 points)
d) Determine an optimal solution using Solver. ( 2 points)
Requirements: Listed

Expert Answer

management project and need an explanation and answer to help me learn. HW-6 Problem 2 (11 points) The distribution system for the Herman Company consists of three plants, two warehouses, and four customers. Plant capacities and shipping costs per unit (in $) from each plant to each warehouse are as follows. Plant Warehouse Capacity 1 2 1 4 7 450 2 8 5 600 3 5 6 380 Customer demand and shipping costs per unit (in $) from each warehouse to each customer are as follows. Formulate a linear programming model of the problem. (Let Plant 1 be node 1, Plant 2 be node 2, Plant 3 be node 3, Warehouse 1 be node 4, Warehouse 2 be node 5, Customer 1 be node 6, Customer 2 be node 7, Customer 3 be node 8, and Customer 4 be node 9. Warehouse Customer 1 2 3 4 1 6 4 8 4 2 3 6 7 7 Demand 300 300 300 400 a) Define the decision variables. (1 point) b) Define the objective function (2 points) c) Define the constraints (5 points) d) Determine an optimal solution (3 points) Part-2 (9 points) Please answer plan 2 of Example 3 (Slide #16) in CH-5-Part-3PowerPoint. ABC company uses the lease contract to replace equipment at least every two years. The initial lease payment is $60,000. After that, the equipment price increases by 2% every year, and the trade-in credit for equipment used for one year is 30% of the equipment price and 10% for two years of use. ABC company wants to minimize the leasing costs over the next five years when replacing one’sequipment under plan 2. a) Define the decision variables (1 point) b) Define the objective function (3 points) c) Define the constraints (3 points) d) Determine an optimal solution using Solver. ( 2 points) Requirements: Listed

This question has already been tackled by one of our writers and a good grade recorded. You can equally get high grades by simply making your order for this or any other school assignment that you may have.

Every Student Buys Essays from us, here is why!

Pressed for time to complete assignments or when you feel like you cannot write, you can purchase an essay on our website. Some students also want model papers to use as samples when revising or writing. There are also students who approach our essay writing service to beat deadlines. We handle every type of homework, assignment, and academic writing tasks. You can buy college essays and other assignments here. At a glance, here are some reasons students prefer our website.

100% Original Essays and Papers

You can be sure that you are getting a paper that is custom written based on your instructions. We do not sell papers that are pre-written. Instead, we write every essay from scratch. When you say “write my essay,” we respond by giving you a paper that is 100% original and free of any plagiarism. The essays you purchase from us have never been sold anywhere.

Flexible & Affordable Prices

It does not cost a fortune to get academic writing help on our website. If you have a question from class, place an order, get a discount, and get cheap essay writing services. What you see as the price is what you pay for. There are no any hidden charges. If you need urgent papers, they might cost a little more, but the price is worth the quality you get in the end. Hire a professional academic writer beginning from $13 a page.

Anonymity, Privacy, and Confidentiality

No one will ever know that you purchased an essay or assignment from our website. The essays you buy from us are written by experts. Your data is only used to coordinate the essay writing services you get. No one can access your personal information and data. Go ahead and order an essay from our website. It is safe, secure, and convenient.

Order a Unique Copy of this Assignment
275 Words

By placing an order you agree to our terms of service

Place Order »