Suppose That a Bus Company Is Deciding Where to Locate

question 65

Essay

Suppose that a bus company is deciding where to locate its central hub.There are 6 possible destinations for the buses.Suppose that the center of town will be used as the reference for describing the possible destinations.A is located 5 miles South and 3 miles West.B is located 3 miles North and 2 miles East.C is located 1 mile South and 5 miles East.D is located 2 miles North and 3 miles West.E is located exactly in the center of town.F is located 10 miles North and 5 miles East.Assume that traffic to each destination will be equal.Where should the hub go so that travel time is minimized?

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Definitions:

General Partner

A partner in a partnership who has unlimited personal liability for the debts of the business and takes part in its day-to-day management.

Limited Partnership

A business structure where one or more partners have limited liability and are not involved in the day-to-day management, juxtaposed with at least one general partner who has unlimited liability.

RULPA

The Revised Uniform Limited Partnership Act, which is a statute that governs limited partnerships in the states that have enacted it.

Limited Partnership Certificate

A document that formally establishes the existence of a limited partnership and outlines its structure and operating principles.