3 Solve the following problem using the threemethods, and after solving the problem, use amethod for the optimal solutionB210|SUPPLYAD2011115127202254141618310DEMAND15151550

Three methods are: NWCM LCM VAM optimal solution is found using MODI and stepping stone method.

Answered: Solve the following problem using the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter8: Evolutionary Solver: An Alternative Optimization Procedure

Section8.3: Introduction To Evolutionary Solver

Problem 1P

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2 Vidhya Balan is planning to liquidate her investments inmutual funds and invest in real estate. Before makingthe change to her investment strategy, Vidhya wants toforecast the price of mutual funds for the next 2 months.She has collected the following data on the average fundprices for the past 10 months.Month Average Fund Price1 55.12 53.83 53.44 52.955 52.156 52.757 52.658 51.59 52.2510 51.7a Using a five-period moving average, forecast theaverage fund price for Period 11.b. Using exponential smoothing with α = 0.3 forecastthe average fund price for Period 11. Assume an initialforecast for Month 2 (F2) as 55.10
Porter five forces model, developed by Michael E. Porter of Harvard University in 1979, holds the purpose to analyse theindustry in order to determine the level of intensity regarding the competition and attractiveness of the industry. Theattractiveness of an industry is measured in terms of profit; more profitability means a more attractive industry and lowprofitability means a low attractive industry. Porter’s Five Forces model is a powerful management tool for analysing thecurrent industry profitability and attractiveness by using the outside-in perspective. Within the last decades, the model hasattracted some criticism because of the developing Internet economy. Due to an increasing significance of Digitalization,Globalization and Deregulation, the industry structure of the ‘Old Economy’ changed fundamentally. The ‘New Economy’ isnot comparable with the ‘Old Economy’, which is the basis of the Five Forces model. Moreover, the last decades haveshown that Information Technology…
Porter five forces model, developed by Michael E. Porter of Harvard University in 1979, holds the purpose to analyse theindustry in order to determine the level of intensity regarding the competition and attractiveness of the industry. Theattractiveness of an industry is measured in terms of profit; more profitability means a more attractive industry and lowprofitability means a low attractive industry. Porter’s Five Forces model is a powerful management tool for analysing thecurrent industry profitability and attractiveness by using the outside-in perspective. Within the last decades, the model hasattracted some criticism because of the developing Internet economy. Due to an increasing significance of Digitalization,Globalization and Deregulation, the industry structure of the ‘Old Economy’ changed fundamentally. The ‘New Economy’ isnot comparable with the ‘Old Economy’, which is the basis of the Five Forces model. Moreover, the last decades haveshown that Information Technology…
Martin owns an older home, which requires minor renovations. However, the neighborhood where Martin lives mostly includes newly constructed luxury homes. Why might Martin's home increase in value? Based on the principle of substitution, the value of Martin's house will equal the value of the newly constructed homes in the neighborhood. ○ The value of Martin's home will decrease due to the new competition in the neighborhood. Based on the principle of regression, the newly constructed homes in the neighborhood will increase the home values of the entire neighborhood. Based on the principle of progression, the newly constructed homes in the neighborhood will increase the home values of the entire neighborhood.
"A chipboard company has 4 factories, Mazatenango, Retalhuleu, Escuintla and Xela. It has four major distributors of its chipboards, which are distributor 1, distributor 2, distributor 3 and distributor 4: Mazatenango Retalhuleu Escuintla Xela DEMAND D1 10 16 19 12 350 D2 12 10 18 15 300 D3 15 22 10 10 250 IN THIS CASE USE VOGEL'S APPROXIMATION METHOD D4 20 10 12 20 200 SUPPLY 150 150 350 250 1) Formulate the problem as a transportation problem, solve it with the three methods and find the optimal cost for this problem. methods and find the optimal cost for this transportation problem. (remember to go through all possible routes).

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Solve the following problem using the three methods, and after solving the problem, use a method for the optimal solution D SUPPLY A 10 2 20 11 1 15 12 9 20 25 4 14 16 18 10 DEMAND 15 15 15 50 2. 3.