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A Company Wants to Locate a New Warehouse to Minimize

question 10

Essay

A company wants to locate a new warehouse to minimize the longest distance travelled by any of its delivery trucks. It has four stores and their coordinates are listed in the below. A company wants to locate a new warehouse to minimize the longest distance travelled by any of its delivery trucks. It has four stores and their coordinates are listed in the below.   Formulate the NLP for this problem. Let X and Y represent the X, Y coordinates of the new warehouse. Formulate the NLP for this problem. Let X and Y represent the X, Y coordinates of the new warehouse.


Definitions:

Compounded Monthly

A compound interest calculation method where interest is added to the principal balance each month.

RRSP

Registered Retirement Savings Plan, a Canadian financial vehicle for individuals to save for retirement on a tax-sheltered basis.

Nominal Rate

The advertised or stated interest rate on a loan or investment, not accounting for any fees or compounding of interest.

Effective Rate

The real interest rate on an investment or loan, taking into account the effect of compounding over a given period.

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