General Ford has two plants, two warehouses, and threecustomers. The locations of these are as follows:Plants: Detroit and AtlantaWarehouses: Denver and New YorkCustomers: Los Angeles, Chicago, and PhiladelphiaCars are produced at plants, then shipped to warehouses,and finally shipped to customers. Detroit can produce 150cars per week, and Atlanta can produce 100 cars per week.Los Angeles requires 80 cars per week; Chicago, 70; andPhiladelphia, 60. It costs $10,000 to produce a car at eachplant, and the cost of shipping a car between two cities isgiven in Table 62. Determine how to meet General Ford’sweekly demands at minimum cost.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
General Ford has two plants, two warehouses, and three
customers. The locations of these are as follows:
Plants: Detroit and Atlanta
Warehouses: Denver and New York
Customers: Los Angeles, Chicago, and Philadelphia
Cars are produced at plants, then shipped to warehouses,
and finally shipped to customers. Detroit can produce 150
cars per week, and Atlanta can produce 100 cars per week.
Los Angeles requires 80 cars per week; Chicago, 70; and
Philadelphia, 60. It costs $10,000 to produce a car at each
plant, and the cost of shipping a car between two cities is
given in Table 62. Determine how to meet General Ford’s
weekly demands at minimum cost.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
