Subject Name: NATIONAL AND INTERNATIONAL LOGISTICS Class: Msc PROCUREMENT AND SUPPLY CHAIN MANAGEMENT Date: 05TH‚ December‚ 2011 Time: 2000HRS INSTRUCTIONS 1. There is ONE question in this paper. 2. Use Times New Roman font type and 12 font size throughout. 3. Use A4 paper‚ at least 8 PAGES excluding appendices and references. Question One (Term Paper) a. Supply Chains are inherently complex‚ dynamic‚ and fluid‚ characterized by uncertainty
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PROFIT MAXIMIZATION: REALITY OR A THEORETICAL OBJECTIVE? Research Compiled for The Paper Store‚ Inc. by Amy Sorter 3/2009 For More Information on This Paper‚ Please Visit www.paperwriters.com/aftersale.htm Introduction Though many people equate economics with finance and accounting‚ it ’s actually a social science‚ a study of behavior and how rational people behave when it comes to allocation of resources. Within the study of that social science are many theories in which economists attempt
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Transportation is the one of important thing in our life. If there was not transportation‚ how would we go somewhere or how would goods be transported? In ancient times‚ new places were explored and also nowadays‚ space is being discovered through transportation. If nothing moves‚ nothing happens. Namely‚ life without transportation can not be thought. Many things are invented for transportation until now. The wheel was invented in about 3000 BC. From that time to now‚ transportation styles and vehicles
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SUBJECT: LOGISTICS AND SUPPLY CHAIN MANAGEMENT TOPIC NAME: TRANSPORTATION AND INFRASTRUCTURE SUBMITTED BY :NameRoll No. 112 113 114 115 116 117 Submitted to: Prof. Vijay Kumar Signature: Date: /07/2013 ACKNOWLEDGEMENT We consider it a great privilege to get an opportunity to express my feelings towards all those who have helped us in completion of my project. Hard work‚ devotion‚ gradual progress and an exciting year‚ that’s how we have reached this
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Mathematical Theory and Modeling ISSN 2224-5804 (Paper) ISSN 2225-0522 (Online) Vol.4‚ No.1‚ 2014 www.iiste.org A comparative study of initial basic feasible solution methods for transportation problems Abdul Sattar Soomro1 Gurudeo Anand Tularam2 Ghulam Murtaa Bhayo3 dr_sattarsoomro@yahoo.co.in‚ a.tularam@griffith.edu.au‚ gmsindhi@yahoo.com 1 Professor of Mathematics‚ Institute of Mathematics and Computer Science‚ University of Sindh‚ Jamshoro‚ Sindh‚ Pakistan 2 Senior Lecturer‚ Mathematics and
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Glossary Chapter 1 Transportation‚ the Supply Chain and the Economy Accessibility: The ability of the carrier to provide service between the origin and destination. It also refers to the carrier’s ability to serve the shipper or consignee’s place of business. For example‚ in order to ship and receive a railcar‚ both the origin and destination must have a side track. Aggregate demand: The total effective demand for the nation’s output of goods and services. This can also refer to the sum
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EIGHT THE TRANSPORTATION MODEL LEARNING OBJECTIVES After completing this supplement you should be able to: 1. Describe the nature of a transportation problem. 2. Solve transportation problems manually and interpret the results. SUPPLEMENT OUTLINE Introduction Obtaining an Initial Solution The Intuitive Lowest-Cost Approach Testing for Optimality Evaluating Empty Cells: The Stepping-Stone Method Evaluating Empty Cells: The MODI Method Obtaining an Improved Solution Special Problems Unequal
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should invest in railways rather than roads The population explosion results in the high demands of transportation. Many countries have suffered from pollution‚ noisy and casualty for a long time. From my perspective‚ the most possible solution to these problems is improving roads and highways because of three below crucial reasons. First and foremost‚ we all know that upgrading public transportation will surely aggravate the pollution and accidents. The buses‚ cars and trains regularly emit
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Transporting goods and supplies took a lot of time to arrive at its destination. The transportation they mostly used were wagons or ships. An example of this is when the tea brought to the colonists were brought by the east india company was carried on boat. Lots of the supply routes were known so they got raided or attacked for their valuable goods. Transportation was important in American Revolution by transporting useful goods‚food‚supplies‚weapons anything that would help out the troops and
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ECON 600 Lecture 3: Profit Maximization I. The Concept of Profit Maximization Profit is defined as total revenue minus total cost. Π = TR – TC (We use Π to stand for profit because we use P for something else: price.) Total revenue simply means the total amount of money that the firm receives from sales of its product or other sources. Total cost means the cost of all factors of production. But – and this is crucial – we have to think in terms of opportunity cost‚ not just explicit
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