Contract to supply motors for all refrigerators

Assignment Help Business Management
Reference no: EM13861655

Forbelt Corporation has a 1-year contract to supply motors for all refrigerators produced by the Ice Age Corporation. Ice Age manufactures the refrigerators at the four locations around the country: Boston, Dallas, Los Angeles, and St. Paul. Plans call for the following number (in thousands) of refrigerators to be produced at each location. Boston 50 Dallas 70 Los Angeles 60 St. Paul 80 Forbelt has three plants that are capable of producing the motors. The plants and productions capacities (in thousands) are: Denver 100 Atlanta 100 Chicago 150 Because of varying production and transportation cost, the profit that Forbelt earns on each lot of 1000 units depends on which plant produced the lot and which destination it was shipped to. The following table fives the accounting department estimates of the profit per lot (shipments will be made in lots of 1000 units). Shipped to Produced At Boston Dallas Los Angeles St. Paul Denver 7 11 8 13 Atlanta 20 17 12 10 Chicago 8 18 13 16 With profit maximization as a criterion, Forbelt wants to determine how many motors should be produced at each plant and how many motors should be shipped from each plant to each destination. a- Write a linear programming formulation of this problem. b- Find the optimal solution by using Excel. Include the computer output. c- Prepare a report using PowerPoint. The report should include: - Introduction to the problem -Decisions to be made -Formulation -Solution Method (Linear programming using SOLVER) -Solution: overall cost, how many motors should be produced at each plant and how many motors should be shipped from each plant to each destination 

Reference no: EM13861655

Questions Cloud

Impact of information technology on logistic industry : It is recommended that your project report have the following structure in the order provided here - The Abstract consists of the project title and about half a page concise summary containing the scope and results of your study.
Pressure to shorten the duration of the project : Rob Smith is managing a small project at Boston University. He is under pressure to shorten the duration of the project by 4 days and he wants to do so at the lowest cost possible.
How many big macs day can the owner expect to sell : A specific McDonald’s franchise owner is looking at elasticities of Big Macs. E(p)= 2 (Price), E(i)=1 (Income), E(mt)=1.5 (m=Big Mac, t= Taco). The franchise owner would like to increase the price of Big Macs by 6%. If the franchise owner currently s..
Analyzed the provisions of the sarbanes-oxley act : Analyzed the provisions of the Sarbanes-Oxley Act
Contract to supply motors for all refrigerators : Forbelt Corporation has a 1-year contract to supply motors for all refrigerators produced by the Ice Age Corporation. Ice Age manufactures the refrigerators at the four locations around the country: Boston, Dallas, Los Angeles, and St. Paul. Plans ca..
Determine the revenue maximizing price and quantity : What is the marginal revenue of a firm that sells a product at the price of $15 and the price elasticity of demand for the product is -2? What is the price elasticity of demand of a firm that sells a product for $20 and marginal revenue is $12? Use t..
Significant role in your moral thinking and decision making : What factors play the most significant role in your moral thinking and decision making? Have your strategies for making moral decisions changed over the years? What factors were influential in causing such changes or in causing your strategies ..
Develop a marketing plan of selected organization or product : Select any organizationor product(s) of your choice and carry out the following tasks. Develop a marketing plan of the selected organization or product(s).
Identify the overlapping interests of the city manager : Discussion Questions Identify the overlapping interests of the city manager and the Local 42 of the International Association of Fire Fighters. Identify their competing interests. Identify the interests of the community (or society). State the import..

Reviews

Write a Review

 

Business Management Questions & Answers

  Major way marketers create positive and distinct images

A nonpaid form of nonpersonal communication about the organization and its products that is transmitted through a mass medium in the form of a news story is referred to as

  Describe web-presence of your organisation

Identify your organisation, give a brief overview of its operations and competitive position, and explain why you chose this organisation.

  Implementation and controlyou are part of a company who has

implementation and controlyou are part of a company who has made the strategic decision to acquire another company.

  Part 1 write a modified block style letter to your local

part 1 write a modified block style letter to your local telephonecable or dsl company complaining about inadequate

  Draw a sample from a normal distribution

As a sample size approaches infinity, how does the t distribution compare to the normal z distribution? When you draw a sample from a normal distribution, what can you conclude about the sample distribution? Explain.

  Explain if northern sludge issues an additional

Explain If Northern Sludge issues an additional $15 million of common stock and uses this money to retire debt

  Show visualization technique applied to business management

Use the technique of visualization in sports seems natural, but how might this technique be used in a business setting among employees and/or supervisors?

  Discussion questions1 explain the following competitive

discussion questions1. explain the following competitive strategies and use at least two corporate examples focus on

  Potential challenges to validity and reliability of business

Explain potential challenges to validity and reliability of business research questions, analysis and data.

  Group vs team and types of communication1 our definition of

group vs team and types of communication1. our definition of a group is somewhat broad. would you classify each of the

  Marketing internationally and export or import practices

Compare and contrast domestic and international marketing. Identify considerations for importing or exporting a product.

  Supply chains and improve overall firm performance

Expalin how can concentrated clusters enhance the management of supply chains and improve overall firm performance?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd