Managerial decision analysis, Strategic Management

Assignment Help:

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.


Related Discussions:- Managerial decision analysis

Development of an asset management plan, Write a submission to your chief e...

Write a submission to your chief executive officer of your organisation describing a strategy to improve the organisation's assets, their management, and the standard of service wh

Stock control and depreciation, Write policy guidelines for Heads of Depart...

Write policy guidelines for Heads of Departments on: Cash Flow and Capital Investment Stock Control and Depreciation.

Successful business teams, 1 Explain the characteristics of successful busi...

1 Explain the characteristics of successful business teams 2 Explain the importance of team roles in successful business teams 3 Examine the value of using theoretical models whe

Diffusion is, The amount and pace of market adoption.

The amount and pace of market adoption.

Fratar method, The following table shows present trips between three zones ...

The following table shows present trips between three zones and the predicted total trips in 10 years. Distribute the predicted trips using the average factor method. Stop with two

Show the demerits of using return on investment, Q. Show the Demerits of us...

Q. Show the Demerits of using return on investment? The following disadvantages maybe experienced when choosing to use ROI as a primary performance measure. -  An accounting

Benefits of using balanced scorecard, Benefits of using balanced scorecard ...

Benefits of using balanced scorecard (BSC) - BSC encourages a long-term view of improving performance through time. - BSC considers both non-financial as well as financial m

ReStrategic, Process design strategy define with example

Process design strategy define with example

Situation Analysis, Is someone in this field able to consult with me on a S...

Is someone in this field able to consult with me on a Situation Analysis I am currently working on?

Assignment, TicketID: EM201729KAT59SM where is my assignment,. I would lik...

TicketID: EM201729KAT59SM where is my assignment,. I would like to track process.

Write Your Message!

Captcha
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