How to reduce the costs and maximize the profit

Assignment Help Operation Management
Reference no: EM132184232

Consider what you have learned in class.

Take one of those concepts and apply it to your every day life. This could include something you do at work or in service to the community.

The purpose of this assignment is to give you an opportunity to enhance your learning by applying this skill to your benefit and that of the organization you are associated with.

Write a 5 page paper that follows the basic outline of:

Problem definition
Problem discussion
- List of assumptions
Application of skill learned in class and why it is the appropriate technique
- Formulate the model algebraically
- Show the implementation of the model in Excel
Results of the model.
How it compares to what was being done before
What you learned from the experience
You will upload 3 files (excel, word, ppt)
You must upload an excel spreadsheet of the model.
Your paper should be approximately five pages in length.
Your PowerPoint should not exceed 10 slides and should follow the same format.

You need to talk about Network Optimization. So, the topic will be MINIMUM-COST FLOW PROBLEMS, which is how to reduce the costs and maximize the profit. The country will be between US, Thailand and China. (India, Europe countries can add too if not enough resources).

The excel and PPT has to show the distribution network, and paper has to show the idea of trading distribution, scheduling.

Verified Expert

The following report explains the network optimization with the help of different strategies. It shows that the how TESCO, which is penetrating into Thailand can minimize the costs and maximize its profit. The linear programming strategy has been applied for controlling the inventory costs and minimizing the total production costs. It also shows that what amount inventory is to be kept by the company in order to minimize the storage and ordering costs.

Reference no: EM132184232

Focused differentiation strategy-best cost provider strategy

Select two of the generic strategies presented in the text and analyze their strengths and weakness as it could relate to a leadership development program as the context for y

Formulate constraints to enforce these conditions

A company has four projects, numbered 1 through 4. Let Xi = 0 if project i is not selected, and Xi = 1 if project i is selected for i = 1, 2, 3, 4. If any project is selected

Facility be expanded immediately

Under which of the following conditions should a facility be expanded immediately? Only the design utilization rate is greater than 1. Only the design ultilization rate is les

What weights will result in a portfolio variance of zero

Assume that your data are normally. distributed and you calculate a mean of 0.06 and a standard deviation of 0.005. What is a 99% confidence interval around the mean? Standard

Compare the processes of your favorite brick

From your own experiences, compare the processes of your favorite brick and mortar store and a comparable online retailer. Develop a flowchart of the processes. Discuss the ad

Differences between constitutional law-statutory law

After reading Psalm 99:4, identify and discuss the differences between Constitutional Law, Statutory Law, and Court Decisions (Case Law), as discussed on pages 16-19, at both

Advantages other than profit can be gained by offshoring

What advantages other than profit can be gained by offshoring? What are the ethical consideration, if any, that a company faces in making a decision to offshore activities? Wh

What are some major capacity considerations in a hospital

What criteria should be used when considering where to place a facility? What criteria does your organization consider when deciding the location of a facility? What are fac

Reviews

len2184232

12/3/2018 2:57:23 AM

Please see the Attach, and I want to use my points this time. Thank you. This is what professor asks for. I have decided that to talk about Network Optimization. So, the topic will be MINIMUM-COST FLOW PROBLEMS, which is how to reduce the costs and maximize the profit. The country will be between US, Thailand and China. (India, Europe countries can add too if not enough resources). The excel and PPT has to show the distribution network, and paper has to show the idea of trading distribution, another word--- scheduling.

Write a Review

 
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