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Use This Information to Answer the Following Questions The Company Wants to Come Up with an Optimal Shipping

question 39

Essay

Use this information to answer the following questions.
A company can ship its product from any of its three factories,F1,F2,and F3,to any of its retail outlets,R1,R2,and R3.The capacity,demand,and shipping cost information is provided as follows:
$\begin{array}{ll}\text { Demand (units) } & \text { Capacity (units) } \\\text { R1:300 } & \text { F1:250 } \\\text { R2: } 500 & \text { F2: } 350 \\\text { R3:200 } & \text { F3:400 }\end{array}$

$\begin{array}{l}\text { Shipping Cost/unit (\$) }\\\begin{array}{lll}&\mathrm{R} 1 & \mathrm{R} 2& \mathrm{R} 3 \\F1&1&3&2\\F2&3 & 4 & 2 \\F3&2 & 2 & 3\end{array}\end{array}$

The company wants to come up with an optimal shipping strategy that will allow it to minimize its total shipping cost.
$Use this information to answer the following questions. A company can ship its product from any of its three factories,F1,F2,and F3,to any of its retail outlets,R1,R2,and R3.The capacity,demand,and shipping cost information is provided as follows: \begin{array}{ll} \text { Demand (units) } & \text { Capacity (units) } \\ \text { R1:300 } & \text { F1:250 } \\ \text { R2: } 500 & \text { F2: } 350 \\ \text { R3:200 } & \text { F3:400 } \end{array} \begin{array}{l} \text { Shipping Cost/unit (\$) }\\ \begin{array}{lll} &\mathrm{R} 1 & \mathrm{R} 2& \mathrm{R} 3 \\ F1&1&3&2\\ F2&3 & 4 & 2 \\ F3&2 & 2 & 3 \end{array} \end{array} The company wants to come up with an optimal shipping strategy that will allow it to minimize its total shipping cost. -Use the Sensitivity Report to answer the following questions: a.Will any of the retail outlets experience any shortages in meeting their demand requirements if we implement the optimal solution? b.Will any of the factories have any remaining quantities of the product if we implement the optimal solution? c.What is the total minimal shipping cost?$
-Use the Sensitivity Report to answer the following questions:
a.Will any of the retail outlets experience any shortages in meeting their demand requirements if we implement the optimal solution?
b.Will any of the factories have any remaining quantities of the product if we implement the optimal solution?
c.What is the total minimal shipping cost?

Evaluate the relationship between globalization, free trade, and the division of trade benefits.

Understand the international efforts towards fair trade, the World Trade Organization's role, and the debates surrounding labor and environmental standards in trade agreements.

Understand the role and functions of the World Trade Organization (WTO) in global trade.

Understand the impact of foreign direct investment on labor standards.

Definitions:

Present Value

The immediate value of a prospective sum of money or stream of cash flows, using a specific interest rate for calculation.

Equivalent

A term expressing a state of equality or equivalency in value, function, or meaning.

Cash Held

Physical money held by a business in its cash registers or cash box, used for daily operations.

Present Value

The present-day valuation of coming monetary sums or cash flow sequences, upon applying a defined rate of return.