Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

Forbelt Corporation has one-year contract to provide motors for all refrigerators created by Ice Age Corporation. Ice Age manufactures the refrigerators at 4 locations around country:  Boston, Dallas, Los Angeles (LA), and St. Paul (SP). Plans call for the following number (in thousands) of refrigerators to be produced at each location:

Boston – 50K     Dallas – 70K     LA – 60K SP – 80K

Forbelt’s 3 plants are able of producing the motors. Plants and production capacities (in thousands) are:

Denver – 100k     Atlanta – 100     Chicago – 150

As of varying production and transportation costs, profit that Forbelt earns on each lot of 1000 units depends on which pant produced lot and which destination it was shipped to. Following table gives  accounting department estimates of profit per unit (shipments will be made in lots of 1000 units):

Shipped To

Produced At    Boston    Dallas    Los Angeles    St. Paul
Denver               7          11           8                  13
Atlanta              20         17          12                 10
Chicago             8           18          13                16

With profit maximization as the criterion, Forbelt’s management wishes to find out how many motors must be produced at each plant and how many motors must be shipped from each plant to each destination.

a) Develop a network representation of the model.

b) Find the optimal solution.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M914937

Have any Question? 


Related Questions in Basic Finance

1 researchers who use group designs replicate their

1. Researchers who use group designs replicate their findings by repeating the same (or a similar) experiment on other samples of participants. How do single-case researchers replicate their findings? 2. What is the rati ...

Evaluate the expression uwxyz exactly as parenthesized ie

Evaluate the expression (u+)+(w+x)+(y+z) exactly as parenthesized (i.e., do not use the commutative or associative laws to reorder the additions). Give register-level machine code to provide the maximum possible parallel ...

What is the major concern construction lenders express

What is the major concern construction lenders express about the income approach to estimating value? Why do they prefer to use the cost approach when possible? In the latter case, if the developer has owned the land for ...

In each of 4 years a random sample of 100 voters different

In each of 4 years a random sample of 100 voters (different each year) are asked if they support a political party. The numbers each year who support the party are 41, 32, 35, and 33. (a) Give a 95 percent confidence int ...

Nicollette nbspjoined towson university basketball team

Nicollette  joined Towson University basketball team since summer 2015. On average, she is able to score 30% of the field goals. Assume she tries 15 field goals in a game. (a) Let X be the number of field goals that Mimi ...

Identify the three parties involved in any credit

Identify the three parties involved in any credit derivatives transaction and describe how they differ in their roles and responsibilities with regard to the transaction? If a portfolio of derivatives is delta hedged by ...

1 a 75000 mortgage is obtained at 9 it should be paid in 20

1. A $75,000 mortgage is obtained at 9%. It should be paid in 20 years. Find the payment at the start of each month. 2. Herb is a self-employed agent who is setting his own retirement fund. He is depositing $17,000 a yea ...

1 what does investment grade mean in the context of

1. What does "investment grade" mean in the context of corporate bond issues? How do these bonds differ from junk bonds, and why have the latter proven so popular with investors? 2. What is a Eurobond? Why did these bond ...

1 what can researchers do to minimize error variance2

1. What can researchers do to minimize error variance? 2. Discuss the trade-off between internal and external validity. Which is more important? Explain.

Assessment task 1- referencing style apa with in text

Assessment Task 1: - Referencing style: APA with in text referencing - Answer each questions with references and (formulas if required) - showing the right formulae to be used, the steps shown in arriving at the answers, ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen