MAT 540 Week 10 Discussion Questions

7 Oct No Comments

WEEK 10

DISCUSSION 1

Can we apply transshipment models to inventory applications? Why or why not?
Is the transportation model an example of decision making under certainty or decision making under uncertainty? Why?

Can we apply transshipment models to inventory applications? Why or why not?

Yes, transshipment models can be applied to inventory applications. This will ensure lower costs through proper management and dispersement of the inventory while providing faster response times. The inventory levels can be managed by location in order to ensure minimal levels and the shipping will occur for less cost and faster service due to inventory placement within regions (Taylor III, 2011). 

Is the transportation model an example of decision making under certainty or decision making under uncertainty? Why?

The transportation model is an example of decision making under certainty. The data, in this case the route and items, has to be known in order for the decision making to be determined under certainty (Taylor III, 2011).

Explain the assignment model and how it facilitates in solving transportation problems. 
What benefits would be gained from using this model?

DISCUSSION 2

Explain the assignment model and how it facilitates in solving transportation problems. 
What benefits would be gained from using this model?

Explain the assignment model and how it facilitates in solving transportation problems. 

The assignment model is a linear programming model that has a supply and demand value that equal one. This model is utilized in solving transportation problems by assigning the most efficient use of one team to one assignment based on the requirements of the project (Taylor III, 2011).

What benefits would be gained from using this model?

The benefits from using this form of model are cost savings and time savings, which result in an overall savings of resources. This model will allow for the most efficient use of time and maximum profit due to that efficiency of handling these types of requirements (Taylor III, 2011).




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