Managerial decision analysis, Strategic Management

A transport company must collect and deliver loads from and to various locations along a straight road (call it the x -axis). The truck must start and end each day at the origin (that is at x = 0). Furthermore, the truck can only carry a single load at a time, and must complete one job before carrying out the next one. Suppose in one day there are N jobs with collection and delivery points: (c1; d1); (c2; d2); : : : ; (cN; dN). So, for example, if N = 2 and the jobs are (2; 4) and (1; 5), and the truck dealt with the second job ¯rst, its path would be: 0, 1, 5, 2, 4, 0. Whereas, if the first job was done first, the path would be: 0, 2, 4, 1, 5, 0. Note that the total distances travelled are 14 and 16, respectively.

We must decide how to sequence the jobs to minimize the total distance travelled.

1. Model this problem as an integer linear program, and more specifically as an example of a travelling salesperson problem. Your solution should include precise definitions of your decision variables, constraints and objective function. For example: let xij = 1 if load j is processed immediately after load i and xij = 0 otherwise.

2. Construct a small numerical example, and use your model and Excel Solver to generate a travel plan for your example. Your assignment submission should be in pdf format and should include the model for part 1, details of the Solver model for part 2 and the numerical solution.

Posted Date: 3/7/2013 3:15:58 AM | Location : United States







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

Write discussion on Managerial decision analysis
Your posts are moderated
Related Questions
S Company has for many years been a long standing household name, designing and manufacturing electrical appliances for use in the kitchen. It has developed a strong culture over t

1 - Describe the Benefits of Having an E-Strategy in Organisations. 2 - Estimate the Contribution of an E-Strategy to the Achievement of an Organisation's Objectives. 3 - Tal

This report discusses is based on the strategic management of Bread Talk. Bread Talk is, a Singapore based fFood cCompany . It is identified that under strategic management, The co

Mergers and acquisitions (abbreviated M&A) are both an aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of di

During early 1981 People Express (PX) became one of the ?rst new entries into the deregulated interstate airline industry. PX's entry strategy was to offer a uniform low-price, no

1. Identify and discuss strategic capabilities (resources and competences) of the chosen company using appropriate strategy tools and identify strengths and weaknesses for the firm

The assignment for the module is an individual report which contributes 25% of the module total mark. You should conduct a Strategic Position Analysis (Situation Analysis) on an or

Transfer pricing is applied internally within a group for management accounting purposes e.g. to measure the performance of divisions.   Increasing or decreasing an internal transf

Product manufacturing operations can be described as a three stage transformation model of inputs. Inputs Inputs are intangible. Unlike a traditional product, a servic

Q. Describe the Maximum transfer price? Normally the maximum transfer price a buyer would pay would be the market price it could obtain the raw material, component, service, pr