How to reduce the costs and maximize the profit

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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

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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.

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