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:
b
Explanation:
A Foreign-Trade Zone is a secure site within the United States where commercial goods both domestic and foreign, receives the same treatment by US Customs as though it was not within the commerce of the United States.
Foreign Trade Zones is used by some firms to put off the payment of duties and taxes.
Foreign and domestic goods are said to be in international commerce and not within the US Customs territory.
Answer:
d more centralized planning in economic decision making
Explanation:
A command economy is where the government makes all the economic decisions and owns factors of production.
A market economy is where production decisions are made by the forces of demand and supply. There is consumer sovereignty to make production decisions in this type of economy.
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