A Businessman Is Considering Opening a Small Specialized Trucking Firm

question 24

Essay

A businessman is considering opening a small specialized trucking firm.To make the firm profitable,it must have a daily trucking capacity of at least 84,000 cubic feet.Two types of trucks are appropriate for the specialized operation.Their characteristics and costs are summarized in the table below.Note that truck two requires three drivers for long haul trips.There are 41 potential drivers available,and there are facilities for at most 40 trucks.The businessman's objective is to minimize the total cost outlay for trucks. ​
Solve the problem graphically and note that there are alternative optimal solutions.
a.Which optimal solution uses only one type of truck?
b.Which optimal solution utilizes the minimum total number of trucks?
c.Which optimal solution uses the same number of small and large trucks?

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Definitions:

Validity of Data

Pertains to the accuracy and credibility of data or information, ensuring it is sourced and interpreted correctly for decision-making.

Compensation Levels

Refers to the tiers or categories of payment provided to employees, often based on their role, experience, and performance, within an organization.

Wage Gap

The difference in average earnings between different groups of workers, often highlighted between genders, races, or socioeconomic statuses.

Third-party Sources

External entities or individuals that provide information, services, or products to an organization, not directly related to its internal workforce or resources.