Rachel Darrough Finance 431 9/17/12 Economy Shipping Company (Abridged) – Case #5 Spring of 1950‚ Economy Shipping Company in Pittsburgh was deciding to repair‚ the Conway‚ one of their steam riverboats or to just replace it with a new diesel-powered boat. Currently all the boats owned by Economy were steam-powered and were at least 10 years old‚ majority being 15-30 years old. The Conway was 23 years old and was in dire need of renovation or replacement. The best recommendation I have to offer
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“Stateline Shipping and Transport Company” 1. In Excel‚ or other suitable program‚ develop a model for shipping the waste directly from the 6 plants to the 3 waste disposal sites. White water Los Canos Duras Availability Kingsport $12.00 $15.00 $17.00 35 Danville $14.00 $9.00 $10.00 26 Macon $13.00 $20.00 $11.00 42 Selma $17.00 $16.00 $19.00 53 Columbus $7.00 $14.00 $12.00 29 Allentown $22.00 $16.00 $18.00 38 Capacity 65 80 105 223 The objective of the problem is to develop a shipping schedule
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Strayer university | Stateline shipping and Transportation Company | [Type the document subtitle] | | | 9/3/2012 | | 1. Objective function: Min Z= 12Xkw + 15Xkl + 17Xkd + 14Xdw + 9Xdl + 10Xdd + 13Xmw + 20Xml + 11Xmd + 17Xsw + 16 Xsl + 19Xsd + 7Xcw + 14Xcl + 12Xcd + 22Xaw + 16Xal + 18Xad Supply from 6 plants: 35‚26‚42‚53‚29‚38 Demand from 3 waste sites: 65‚80‚105 2. Using POM QM to solve the problem‚ the cost for shipping the waste directly from the 6 plants to the 3
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1. Formulation of the Problem The Stateline Shipping and Transport Company wanted to transport industrial wastes from the 6 plants to the 3 waste disposable sites. The problem can be represented in as a Transportation table as shown below. Our problem is to find roots to disposable sites‚ such that the cost of transportation is minimized.. White water Los Canos Duras Availability (bbl) Kingsport $12.00 $15.00 $17.00 35 Danville $14.00 $9.00 $10.00 26 Macon $13.00 $20.00 $11.00 42 Selma
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Assignment #4: Case Problem "Stateline Shipping and Transport Company" Read the ’Stateline Shipping and Transport Company" Case Problem on pages 273-274 of the text. Analyze this case‚ as follows: In Excel‚ or other suitable program‚ develop a model for shipping the waste directly from the 6 plants to the 3 waste disposal sites. Solve the model you developed in #1 (above) and clearly describe the results. In Excel‚ or other suitable program‚ Develop a transshipment model in which each of the
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Assignment #4: Case Problem “Stateline Shipping and Transport Company” Courtney Boone June 10‚ 2012 MATH 540 Quantitative Methods Professor Gelonia Dent Rachel has estimated the cost of shipping a barrel of waste from each of the six plants to each of the three waste disposal sites as shown in the following table: Waste Disposal Site | | | | Plant | Whitewater | Los Canos | Duras | Kingsport | $12 | $15 | $17 | Danville | 14 | 9 | 10 | Macon | 13 | 20 | 11 | Selma | 17
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Introduction The Stateline Shipping and Transport Company is negotiating a shipping contract with Polychem. Polychem would like Stateline to pick up and transport their waste products from their six plants to three waste disposal sites. There is a possibility that using the plants and waste disposal sites as intermediate shipping points could lower the overall shipping costs. A Stateline manager is trying to determine the shipping routes that will minimize Stateline’s total cost and if it would
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DIESEL-POWERED BOAT .......................................... 5 EXHIBIT 6 – SCENARIO 5: LEASE A DIESEL-POWERED BOAT ....................................................... 5 Executive Summary Economy Shipping Company (ESC) was engaged mainly in the transportation industry and owned steam-powered boats. The company was considering whether to repair one of its’ steam boats or replacing it with a new diesel-powered vessel. After evaluating the different scenarios presented in the case‚ it is our recommendation
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I started my period sometime after Christmas on a Sunday morning when I was in seventh grade‚ (I only know it was after Christmas because I ruined the skirt we had bought me for my Christmas outfit from Limited Too‚ I was SO MAD). I remember being in the middle of my Sunday school class and thinking that I must have peed myself on accident‚ getting up after the class was over going to the bathroom and freaking out about blood being every where. I put a pad on that my mom encouraged me to carry in
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One of the largest countries in the world‚ a territorial size of 9‚596‚961 square kilometers with land compromising of 9‚569‚901 square kilometers and 27‚060 square kilometers of the total territorial size being water‚ China is the fourth largest country in the world. China is located in Eastern Asia‚ bordering four of the world’s major seas and fourteen countries. These countries include Afghanistan‚ Bhutan‚ Burma‚ India‚ Kazakhstan‚ North Korea‚ Kyrgyzstan‚ Laos‚ Mongolia‚ Nepal‚ and Pakistan‚
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