Nature of objective function in such environment

Assignment Help Operation Management
Reference no: EM132876214

Planning

A trading company in the middle ages transported tea, spices, and other oriental products via the overland trade route between the middle east and China. In order to get all good transported from China to the middle east, dromedaries (which have one hump), camels (which have two humps), or some combination of the two could be used.

NOTE: You are not expected to solve this problem mathematically.

Answer the following questions:

What would be the nature of the objective function in such an environment?

What types of constraints would exist on the number of camels and number of dromedaries?

Would it make any sense in this type of environment to have a negative number of camels (in other words, is such a thing realistic)? Why or why not?

Describe a company that faces a similar transportation issue in modern times (obviously not using camels and dromedaries), and cite the source from which you learned about the company's need for such an analysis.

Reference no: EM132876214

Questions Cloud

What are some changes in the business environment : What are some changes in the business environment of the retail industry and how have they impacted management accounting
Project crashing expedites the project : Project crashing expedites the project without changing the network diagram.
Calculate diluted earnings per share for the year ended : Assume that the 48 bonds were issued on October 1, 2020 (rather than in 2019), Calculate diluted earnings per share for the year ended
Discuss the main features of human relations theory : Provide examples from any overseas and Pacific Island country to support each of your main points.
Nature of objective function in such environment : What would be the nature of the objective function in such environment? What types of constraints would exist on the number of camels and number of dromedaries?
What is the process for recognizing alzheimer disease : What is the process for recognizing Alzheimer's disease? What are some strategies you could recommend to bolster memory self-efficacy?
Why would erikson stage of identity development : Why would Erikson's stage of Identity Development versus Role Confusion be important to a counseling and human services professional
Case study-grandpa peter and grandma lucy : Health care practitioners are ethically bound to respect the patient's dignity and to make a positive effort to secure a comfortable and considerate atmosphere
What advice would you offer to the owner or leadership : How is the business performing based upon your review? Is the business growing or declining, why and What advice would you offer to the owner or leadership

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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