The transportation method is customarily used to minimize transportation costs between sources of supply and sinks of demand. How could this model be used in other areas of operations management to maximize profit? Provide examples
What will be an ideal response?
The logic of the transportation method would be reversed and the values in the tableau would need to be revenues, but it would be possible to use it to maximize values of interest. If certain markets were willing to pay a premium for some products, then high numbers would be desirable outcomes. Examples will vary.
You might also like to view...
Which of the following is an advantage of personal interviews?
A) It is a relatively inexpensive method of gathering information. B) The possibility of interviewer bias is minimized. C) Participants can choose to respond at their own convenience. D) It facilitates anonymous responses. E) Interviewers can record additional observation about the respondent such as body language.
Which of the following is a useful function of spreadsheets?
A. What if? B. So what? C. WYSIWYG D. Functional analysis