Q: If the manager would be prepared to pay $70 000 per year to move from the least safe to the most safe form of transport (all else remaining equal), determine which alternative she should select A British company has won an important contract to supply components regularly tPoland. Four methods of transport are being considered: (i) air, (ii) sea, (iii) road andferry and (iv) rail and ferry. The company's distribution manager has identified fourrelevant attributes for the decision: punctuality, safety of cargo, convenience andcosts. She has also allocated weights of 30 to punctuality, 60 to safety of cargo and 10to convenience.The manager then rated the performance of each form of transport on the differentattributes. The values she assigned are shown below, together with the estimatedannual cost of using each form of transport.Form oftransportAirSeaRoad andferryRail andferryPunctuality10006070BenefitSafety70600100Convenience60801000Costs ($)150 00090 00040 00070 000

Costs pertains to all of the components that make up a group, whereas "cost" refers to the group as…

Answered: If the manager would be prepared to pay…

If the manager would be prepared to pay $70 000 per year to move from the least safe to the most safe form of transport (all else remaining equal), determine which alternative she should select

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

1. The role of the government in the transport market is to supply the transport services as required. True/False 2. Transport is viewed as derived demand. Derived demand in this context means which one of the following? a. Transport demand takes place over space and time. b. A nation’s ability and willingness to provide an adequate transport infrastructure. c. The demand for transport services is determined by the demand to transport goods and passengers from one place to another. d. An individual’s ability and willingness to buy transport services. 3. Inelastic demand means there is a substantial change in quantity demanded when another economic factor changes (typically the price of the good or service). True/False 4. Direct costs incurred by the users and operators of transport services are also known as external costs. True/False
DM Office Products (DMOP) is a wholesale supplier of office products with one facility in Pennsylvania. It has decided to build a new distribution warehouse in the state of New York to help serve the growing demand in that market. It has four major customers located in Buffalo, Syracuse, Albany, and New York City. Though New York City is the largest market, it also has the greatest competition, and DMOP is not a major player there. When DMOP ships an order to a customer, it uses its own small fleet of two trucks to deliver, so the cost of delivery is essentially the same for a full or partially full truck. The expected number of annual shipments to each city and their coordinates on an x, y grid is shown in the following table. CITY x-COORDINATES y-COORDINATES NUMBER OF SHIPMENTS Buffalo 340 865 85 Syracuse 1,435 915 89 Albany 2,315 645 129 New York City 2,290 45 69
Which mode of transport would probably be most appropriate for the following goods?a. diesel fuelb. chain-link fencingc. locally grown peachesd. automobiles made in South Koreae. T-shirts manufactured in Guatemalaf. grain grown in North Dakota
A company has a shipment to make from Dallas, Texasto Phoenix Arizona, a distance of 1065 miles. It plans toship 8 pallets weighing 650 pounds each. Which is thebest mode of transportation considering the followinginformation?
As a Freight Forwarder, you have been asked to export ten containers of top quality Canadian apples to India. The importer is located in New Delhi. New Delhi is not an ocean port Shipment is by ocean from Canada Consignee address: 1200 Parliament Road, Unit 12, New Delhi India, Global Importers Ten Containers by ocean. 200 cartons in each container of apples Each box: 4 Kg actual weight Dimensions: 12x15x12 cubic inches Calculate: 1)Total Actual Weight: 2)Total Volume Weight: 3)Chargeable Weight: 4)What is the correct Incoterm to be used in this shipment?
Suppose that you own a freight forwarder company. One of your customers “ELAR A.Ş.” called you on JANUARY 2022 and asked for the freight offer for the transportation of five TEU (your cost object) products from location X to location Y.You are supposed to give a reasonable freight offer to your customer. Your profit margin is 25 %. First find the cost, then add 25 % profit margin to find the customer price. Use job costing and normal costing.a) Choose Location X and Y, explain your route and transportation modes. Explain whether the transportation is door to door or not. You can use one, two or three modes of transportation to carry out this transaction.b) Identify and LIST the direct costs of the job. Calculate the total direct costs of the job.c) Budget and LIST the indirect costs of your company for all jobs in 2022. Calculate the total indirect costs of your company for 2022. d) Select your allocation base and compute the allocation rate per unit. You may use multiple allocation…
LVTLS was set up as a local cargo company in 1960 by Mason Delp in pick-up and delivery for numerous intergovernmental trucking businesses in Pennsylvania's Greater Lehigh Valley. The difference between Alentown and Philadelphia has been shown to Mason by enhancing the Interstate Highway System, by upgrading the Pennsylvania Turnpike system, which provides the corridors North-South and East-West together with other improvements and roads. Furthermore, Philadelphia has a certain population, with e-road extensions and renovations which allow transit connectivity to numerous municipalities. Mason's remarks were right and the area has transformed from agricultural to the manufacturers of products and services.The creation of a series of pharmaceutical production facilities and an agglomeration of firms and services to serve the industry have all been very significant developments. • These firms' expansion and success offered Mason Delp the chance to expand its engine carrier service, both…
Transportation cost mainly depends on which of the following factors? (a) Distance(b) Weight of merchandise(c) Time required for transportation(d) All of the above
given the transportation problem, assume that the demands at the 4 destinations are 5, 5, 7, and 8 units, respectively, and the supplies at the 4 sources are 7, 3, 7 and 8 units, respectively.C₁₁=7ㅤ C₁₂=9ㅤ C₁₃ = 1ㅤ C₁₄ = 10 C₂₁= 22ㅤ C₂₂ = 25ㅤ C₂₃ = 16ㅤ C₂₄ = 26 С₃₁ = 28ㅤ C₃₂ = 32ㅤ C₃₃ = 24ㅤ Сз₄ = 32 C₄₁ = 12ㅤ C₄₂ = 14ㅤ C₄з = 6ㅤ C₄₄ = 16where m=4, n=4what is the optimal solution using vogel's approximation method, least-cost method, and northwest-corner rule?
The Winston Company has four distribution centers(A, B, C, and D) that require 40,000, 60,000, 30,000, and 50,000 gallons of de-ionized water, respectively,per month for cleaning their long-haul trucks. Threede-ionized water wholesalers (1, 2, and 3) indicatedtheir willingness to supply as many as 50,000, 70,000,and 60,000 gallons, respectively. The total cost (ship-ping plus price) of delivering 1,000 gallons of de-ionizedwater from each wholesaler to each distribution center isshown in the following table: a. Determine the optimal solution. Show that all capacitieshave been exhausted and that all demands can be metwith this solution.b. What is the total cost of the solution?
Linear Programming & Transportation Model - scenario/case (simple example) that can be analyzed by using linear-programming/transportation model specifically in identifying the decision variables, constraints and objective function (goals). - Supply and chain operations specifically
4. Companies A, B, and C supply components to three plants (F, G, and H) via two crossdocking facilities (D and E). It costs $4 to ship from D regardless of final destination and $3 to ship to E regardless of supplier. Shipping to D from A, B, and C costs $3, $4, and $5, respectively, and shipping from E to F, G, and H costs $10, $9, and $8, respectively. Suppliers A, B, and C can provide 200, 300 and 500 units respectively and plants F, G, and H need 350, 450, and 200 units respectively. Crossdock facilities D and E can handle 600 and 700 units, respectively. Logistics Manager, Aretha Franklin, had previously used "Chain of Fools" as her supply chain consulting company, but now turns to you for some solid advice. Set up the solution in Excel and solve with Solver. What are total costs?