Define maximize the value of the selected shipment

Assignment Help Business Management
Reference no: EM13216135

The load master for a freighter wants to determine the mix of cargo to be carried on the next trip. The ship's volume limit for cargo is 100,000 cubic meters, and its weight capacity is 2,310 tons. The master has five different types of cargo from which to select and wishes to maximize the value of the selected shipment. However, to make sure that none of his customers are ignored, the load master would like to make sure that at least 20% of each cargo's available weight is selected. The specifications for the five cargoes are shown in the following table.

Cargo type Tons available Value per ton Value per ton (cu.m.)
A 970 $1,350 26
B 850 $1,675 54
C 1,900 $1,145 28
D 2,300 $850 45
E 3,600 $1,340 37

LP and solver

Reference no: EM13216135

Questions Cloud

Calculate the probability : What is the probability of not getting any hits in a game and what is the probability of getting three hits in a game
Calculate the amount of cash rutherford paid to charlet : Charlet Company offers credit terms of 4/15, n/60 to its credit customers. Rutherford Corporation purchased 20 office chairs with a list price of $200 each from Charlet on July 5, 2005. Rutherford paid the invoice for its purchase on July 13, 2005..
How should vivian and melvin record the transactions : On January 1, year 1, Melvin Corporation promises to "unconditionally" transfer a building that cost $100,000 (appraised recently at $300,000) to the Vivian Company on January 1, year 2 for a boat she bought for $250,000. As of December 31, year 2
What is the amount of expense harris must recognize : Harris Company borrowed $800,000 from Liber Bank on January 1, 2013 in order to expand its mining capabilities. The five-year note required annual payments of $208,349 and carried an annual interest rate of 8.5%. What is the amount of expense Harr..
Define maximize the value of the selected shipment : The load master for a freighter wants to determine the mix of cargo to be carried on the next trip. The ship's volume limit for cargo is 100,000 cubic meters, and its weight capacity is 2,310 tons. The master has five different types of cargo from..
Prepare journal entry to record issuance of stock exchange : Sudoku Company issues 23,000 shares of $5 par value common stock in exchange for land and a building. The land is valued at $232,000 and the building at $374,000. Prepare the journal entry to record issuance of the stock in exchange for the land a..
Explain the political environment : escribe the Sociocultural Environment, the Political Environment, the Legal Environment presently best describing the country of Iran
What is the margin-turnover and roi for venusian division : Another alternative for Venusian is to run an advertising campaign that would require additional advertising expenses of $37,500, but the best estimate is the campaign would generate an additional $75,000 of revenue.
Standard deviation for ounces in the bottles : Calculate the mean, median, and standard deviation for ounces in the bottles and construct a 95% Confidence Interval for the ounces in the bottles.

Reviews

Write a Review

 

Business Management Questions & Answers

  Products within the design specifications

Evaluate determine which machine if any are caable of producing the products and evaluate which machines if any are capable of producing the products within the design specifications.

  Solving poisson and exponential distribution problem

Partially  completed  items arrive at a workstation in a producing operation at a mean rate of forty per hour. The processing time at the workstation averages 1.2 minutes per per unit

  The strategic, tactical, and operational reports

Discuss and explain the similarities and differences of strategic, operational, and tactical reports.

  Explain a familiar business environment

Prepare a paper that explains how you would communicate one of your examples in a different business environment

  Deliberate the assumptions that underlie the classical model

Deliberate the assumptions that underlie the classical model of decision-making as well as explain how this model would help to explain the behaviour of a manager

  Compare and contrast six sigma the balanced scorecard

different methods for preparing performance and completion metrics. Metrics are performance markers, utilized at different intervals during the process timeline, to measure adherence to schedule and attainment of goals.

  Explain examples of qualitative success indicators

Explain examples of qualitative success indicators that would to incorporate in a strategic plan for HP

  Short run phillips curve-long run phillips curve

Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related. How do active and passive views of these concepts di..

  Business responsibility

What are some examples of the business related social issues? Pick one social issue. What are the main characteristics of social issue you have selected?

  Explain how many planes must wright brothers

Presume instead that the sales of the 1903A last for only 10 years. Explain How many planes must Wright Brothers Aviation sell per year to deliver the same rate of return?

  Example of decision making under uncertainty

What is an example of decision making under uncertainty?

  Describe the difference between markups and commissions

Describe the difference between markups and commissions and fees in the advertising business world

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