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
Question 1 "Use anger correctly and improvements will happen!" To what extent this statement is true? Question 2 Company "Great Success" wishes to train its staffs o

Corporate parenting is a type of business strategy that views a corporation in terms of resources and capabilities in an effort to develop business unit value, and align those busi

Select an existing business that has recently launched a new product. You may also use your own company. Consider how the organization's marketing strategy has benefited the new pr

1. “A mission describes what the organization is now; a vision statement describes what the organization would like to become.” Differentiate between corporate mission and strategi

Q. Evaluate the Dividend yield? Creating shareholder value  Dividend yield Dividend yield     = (Dividend per share / Market share price) x 100% The dividend yiel

Q. Describe about Interest cover? Interest cover =   (Profit before interest and tax (PBIT)/ Interest payable)            (no. of times) Interest cover shows the safety of e

I have one real option problem I need help with

Q. Explain about Opportunity cost pricing? Opportunity cost pricing is considered most mathematically correct way of viewing transfer pricing. Reason is that it looks at transf

Q. What do you mean by Dual pricing? Dual transfer pricing means setting one transfer price for the internal seller and another transfer price for the internal buyer.  The basi

Q. What is Transfer Pricing? A transfer price is a price charged for goods or services provided internally between divisions or departments in the same group or company.   Tran