Aalogistics Co. has just signed a contract to deliver products to three locations, and they are trying to decide where to put their new warehouse. The three delivery locations are Chicago, Kansas City, and Memphis. The x, y coordinates for the delivery locations are as follows:
The total quantity to be delivered to each destination is: 400 to Chicago, 150 to Kansas City, and 100 to Memphis. Calculate the location of the new warehouse using the Center of Gravity approach.
Definitions:
Budgeted Unit Sales
The number of units that a company plans or expects to sell over a specific period according to its budget.
Raw Material Needs
The quantity and type of raw materials required for a company to manufacture its products.
Beginning Inventory
The value of goods available for sale or use at the start of an accounting period.
Ending Inventory
The total value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting the cost of goods sold.
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