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Optimization model:
Solver inputs:
Solution:
Xn | Yn | dn | Fn | Dn | Fn * dn * Dn | |
Centralized factory | 862.30 | 1038.76 | ||||
Jefferson City | 700 | 1200 | 228.78 | 1.5 | 500 | 171584.08 |
Jacksonville | 250 | 600 | 753.27 | 0.3 | 4720 | 1066629.26 |
Warehouse A | 600 | 500 | 599.21 | 1.5 | 230 | 206729.03 |
Warehouse B | 1050 | 1200 | 247.45 | 1.5 | 1500 | 556764.68 |
Warehouse C | 800 | 300 | 741.38 | 1.5 | 450 | 500430.44 |
Warehouse D | 925 | 975 | 89.42 | 1.5 | 175 | 23473.69 |
Total cost | 2525611.19 |
So, the location of the centralized factory is X = 862.30 and Y = 1038.76
PLEASE RIGHT CLICK ON IMAGE AND CLICK OPEN IMAGE IN NEW TAB TO VIEW THE QUESTION...
Please right click the image and click Open Image In New Tab for better quality picture. Applications of Supply and Demand Problem Set1 What is the 2. First consider a situation without any government interventions and no price controls. In that case, what is the equilibrium quantity? What is the equilibrium price? 8. What is the size of consumer surplus when a price ceiling of $5 is imposed? size of producer surplus when a price ceiling of $5 is imposed?...