Using the transportation method for solving the optimal shipping of a product from factories to warehouses is e) "≤" for constraints regarding factory capacity and "=" for constraints regarding demand at warehouses.
The transportation method of linear programming is applied to the problems associated with the examination of the efficient transportation routes i.e. how efficaciously the product from extraordinary sources of manufacturing is transported to exceptional locations, consisting of the overall transportation price is minimum.
The transportation model is a special class of linear programming that offers the delivery of a commodity from assets (e.g. factories) to destinations (e.g. warehouses) objective: The objective is to decide the transport agenda that minimizes the full transport price even as gratifying supply and call for limits.
The transportation method is a special case of linear programming issues wherein the goal is to limit the entire price of transporting items from diverse delivery origins to distinct demand destinations.
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Question: Using the transportation method for solving the optimal shipping of a product from factories to warehouses, as per text, you should use
a) "=" for constraints regarding factory capacity and "≥" for constraints regarding demand at warehouses
b) "≥" for constraints regarding factory capacity and "≤" for constraints regarding demand at warehouses
c) "≥" for constraints regarding factory capacity and "=" for constraints regarding demand at warehouses
d) None of the above
e) "≤" for constraints regarding factory capacity and "=" for constraints regarding demand at warehouses.
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Answer:
<em><u>short-termism
</u></em>
Is the acting upon short term vision of the needs and problems that must be addressed. It is a problem because the vision that is important is the Long path vision.
<em><u>What is “longpath” and why did Wallach develop the concept? </u></em>
Is a concept that combines long term vision and goal oriented. Wallach develop that concept as he did not find a term that frame what is intended in the long run that was goal oriented.
<em><u>Briefly discuss each of the three ways of thinking that Wallach describes. </u></em>
Transgenerational thinking: Thinking the impact of your actions in the future generations to come.
Futures thinking: The future is not related only with better technology but with how will human relationships, moral, art and feelings like compassion will evolve.
Telos thinking: This is an invitation to think having in mind what is the "ultimate aim" of our actions as little of they might be. It is important to raise the question: how this action that I am doing now will impact or change the future in 20,50 or 100 years to come.
<em><u>How does Wallach relate the future to a part of speech?
</u></em>
Wallach make a link between Thomas Khun quote: “People don’t shift unless they have a vision of what it is they’re shifting to.” an Martin Luther King Speech of "I Have a Dream" he says that that speech is successful as it shows what is the vision of what a dream must looks like
Answer:
Bond Price = $1115.075775 rounded off to $1115.08
Explanation:
To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is an annual bond, the coupon payment, number of periods and annual YTM or market interest rate will be,
Coupon Payment (C) = 1000 * 0.067 = $67
Total periods (n) = 14
r or YTM = 0.055 or 5.5%
The formula to calculate the price of the bonds today is attached.
Bond Price = 67 * [( 1 - (1+0.055)^-14) / 0.055] + 1000 / (1+0.055)^14
Bond Price = $1115.075775 rounded off to $1115.08
Answer:
a. March 2, 202x, merchandise purchased on account from Splish Brothers, credit terms 2/10, n/30
Dr Merchandise inventory 885,600
Cr Accounts payable 885,600
b. March 6, 202x, defective/wrong merchandise returned to Splish Brothers
Dr Accounts payable 110,200
Cr Merchandise inventory 110,200
c. March 12, 202x, paid invoice to Splish Brothers within discount term
Dr Accounts payable 775,400
Cr Cash 759,892
Cr Purchase discounts 15,508
purchase discount = purchase balance x 2% = $775,400 x 2% = $15,508
Answer:
The approximate price elasticity of demand between these two prices is
- 0.42
Explanation:
In this question ,we use the formula of price elasticity of demand which is shown below:
Price elasticity of demand = Percentage change in quantity demanded ÷ Percentage change in price
where,
Percentage change in quantity demanded is calculated by
= New Quantity - Old quantity ÷ New Quantity + Old quantity
= 350 - 310 ÷ 350 + 310
= 40 ÷ 660
= 0.06060
Percentage change in price is calculated by
= New price - Old price ÷ New price + Old price
= 9 - 12 ÷ 9 + 12
= - 3 ÷ 21
= - 0.14285
Now put these values over the above formula
So, the answer is = 0.06060 ÷ - 0.14285 = - 0.42
Hence, the approximate price elasticity of demand between these two prices is - 0.42