Plants A,B,C,and D produce the same item that is demanded by customers W,X,Y,and Z in the amounts shown in the table.The cost to ship one unit between each combination of plants and customers is also shown in the table.The corporation wishes to minimize the total transportation costs of this assignment problem.
What are the decision variables?
What is the objective function?
What are the constraints?
Definitions:
Imports
Goods and services brought into a country from abroad for sale.
Trade Deficit
It occurs when a country's imports exceed its exports over a certain period, leading to more money leaving the country than entering it.
High Tariffs
Elevated taxes imposed on imported goods to protect domestic industries by making foreign products more expensive compared to local products.
Trade Deficit
A situation where a country's imports exceed its exports during a specific time period, indicating a negative balance of trade.
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