Business decision model, Business Management

Commonly used for delivery of fuel products, a truck / trailer combination has five product compartments: three in the lead trailer and two in the pup trailer. The lead trailer's compartments can hold 2,700, 2,800, and 1,100 gallons of fuel respectively, while the pup compartments can hold 1,800 and 3,400 gallons of fuel respectively, for a total capacity of 11,800 gallons.

Three types of unleaded fuel (premium, mid-grade, and regular) are required at a customer's gas station. The gas station requires 2,900 gallons of premium, 4,000 gallons of mid-grade, and 4,900 gallons of regular gasoline.

Each compartment can only carry one type of fuel. The fuel supplier is under contract to meet the gas station's demand - if demand cannot be met, then the supplier will pay a penalty of $10/gallon for premium, $8/gallon for mid-grade, and $6/gallon for regular gasoline not delivered.

The maximum allowed shortage is 500 gallons for each type of fuel.

How should the company load the truck?

Part a: Should contain the mathematical formulation of the problem - decision variables, objective function and constraints.

Part b: Excel formulation worksheet and answer report.

Posted Date: 4/1/2013 2:19:48 AM | Location : United States







Related Discussions:- Business decision model, Assignment Help, Ask Question on Business decision model, Get Answer, Expert's Help, Business decision model Discussions

Write discussion on Business decision model
Your posts are moderated
Related Questions
The product which is rejected in final inspection represents a direct loss to the manufacturer. Therefore most companies have a system of review of the rejected product. This

Question 1 Explain the various principles of an ideal merchandising giving suitable examples for each? Question 2 Enumerate the category management strategies that are use

QUESTION 1 Distinguish between the three broad theoretical frameworks that attempt to provide an explanation and understanding of communication and culture. QUESTION 2

Knowing your Learning Patterns is important primarily because (Points : 1)

Global Economic Crises                     The current economic crisis has affected many countries in Europe as well as many countries in the world over. Micro credit institu

With the best of process planning and control certain defect may still be revealed during assembly or in final inspection. In that situation proper investigation must be

Question 1: Before starting a small business, individuals need to ensure that they have certain essential characteristics. Discuss the personal characteristics that are requi

QUESTION New Zealand refining Company refines bulk petrol and oil imported for use in this country. Due to its unique nature of its operation, it often needs specialist technic

A broad definition of quality by design is a team of specialists who simultaneously design and develop a product to ensure ease of reducibility and customer satisfaction. Figu

Problem 1: (a) What are the features of an effective performance appraisal system? (b) Discuss the advantages and disadvantages of performance appraisal systems? Proble