The Objective of the Transportation Problem Is to

question 44

Multiple Choice

The objective of the transportation problem is to

• A)identify one origin that can satisfy total demand at the destinations and at the same time minimize total shipping cost.
• B)minimize the number of origins used to satisfy total demand at the destinations.
• C)minimize the number of shipments necessary to satisfy total demand at the destinations.
• D)minimize the cost of shipping products from several origins to several destinations.

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Definitions:

Shipping Fees

Charges applied for transporting goods from one location to another.

Hart-Scott-Rodino Act

U.S. legislation that requires large companies to file a report with the Federal Trade Commission and the Department of Justice before completing certain mergers, acquisitions, or transfers of securities.

Waiting Period

A mandated time interval between when an action is taken and when some related action may occur or when its effect comes into play.

Early Termination

The process of ending an agreement or contract prior to its originally agreed upon conclusion date.