Hello and Happy Holidays...Can you get me started on this question? Thanks in advance! If two...

Hello and Happy Holidays...Can you get me started on this question? Thanks in advance!

If two large companies merge, why might you want to run a multi-objective optimization to trade off the total cost of company one versus the total cost to company two? That is, why might this be better than running with just the objective of minimizing the total cost of the combined supply chain?

Solutions

Expert Solution

Multi-objective optimization is a technique wherein two objectives are analyzed at the same time to determine the trade off that is appropriate for both the companies. This is better than having one single objective for both the companies because a large facility building and leasing used for the purpose of warehousing would lead to a significant increase in the cost. Also, this would provide limitations to the companies in providing superior customer service to their customers. Thus, in order to choose between the options wherein each option denotes a trade-off between customer-service level and total cost, mathematical optimization in multi-objective optimization comes into place. With the help of multi-objective optimization, the supply chain network gets refined information for each of the objective which is not feasible in a single large objective of total cost of supply chain network for both the companies.

keosha answered 7 months ago

Next > < Previous

Related Solutions

Hello, please can you give me the answers of these questions. Thanks 12.1 Because of the...

Hello, please can you give me the answers of these questions. Thanks 12.1 Because of the possibility that a forensic accounting engagement may result in litigation, · (a) forensic accountants must be law enforcement officers, lawyers, or officers of the court. · (b) forensic accountants must be certified by the ACFE. · (c) forensic accountants do not rely on interviews as a source of evidence. · (d) forensic accountants are likely to have an adversarial relationship with the employees of...

Hello can you healp me with this question and provide the references also: 2. Despite increases...

Hello can you healp me with this question and provide the references also: 2. Despite increases in funding, explain why in Australian Indigenous health outcomes are still an issue? Provide examples to illustrate your points. A high level response should identify where there has been increase s in funding to Australian Indigenous health, before discussing how and why this remains an issue. A high level response will draw on examples to support your claims.

Can you please explain me this question? Thanks! Anette made deposits of $2000 at the beginning...

Can you please explain me this question? Thanks! Anette made deposits of $2000 at the beginning of every three months for seven years into an investment fund that was earning 7.2% compounded quarterly. She left the money in the fund for another three years to accumulate interest. If the fund was earning the same interest rate during the entire time period, what was the amount of interest earned on her investment during the term?

Can you please explain me this question? Thanks! A manufacturer of AAA batteries wants to estimate...

Can you please explain me this question? Thanks! A manufacturer of AAA batteries wants to estimate the mean life expectancy of the batteries. A sample of 20 such batteries shows that the distribution if life expectancies is roughly normal with a sample mean of 32.5 and a sample standard deviation of 2.75 hours. Construct a 95% confidence interval for the mean life expectancy of AAA batteries made by this manufacturer.

Can anyone PLEASE point me in the right direction to get started. this is part 2...

Can anyone PLEASE point me in the right direction to get started. this is part 2 of a 3 parth assignment for a research proposal. In one or two paragraphs, identify and define provide formal definitions for all main concepts you use in the proposal and state how they are related. Use academic references only, avoid guessing and common sense. I need help figuring out how to write this, my research question that I am suppost to use the...

please provide me the tips to produce defect-free membrane (with references) Thanks in advance

hello Could I get the answers for Question 5 here's the question: QUESTION5 You are the...

hello Could I get the answers for Question 5 here's the question: QUESTION5 You are the Chief Technology Officer of Vegas Girl's Pizza involved as part of the IT overnance team to provide your opinion and solutions for the following questions Consider the following additional paragraph s and answer the question that follows: Back at his desk, Peter Greyton is thinking of the day's developments. He reflects uporn his meeting with Jim Saxton and Elaine Black. He considers where the...

hello , could you please answer this question for me in details , my teacher want...

hello , could you please answer this question for me in details , my teacher want more than 400 word ?. it is an essay . 1) Discuss the application of Classical conditioning in reducing Anxiety.!!

Need some assistance or ideas with this discussion question. Thanks in advance What are barriers to...

Need some assistance or ideas with this discussion question. Thanks in advance What are barriers to communication, and how do you remove them?

Hello! Can you show me how to this problem by hand? No Excel please! An organization...

Hello! Can you show me how to this problem by hand? No Excel please! An organization is considering the purchase of new machines to automatically conduct some quality control tasks. The machines are expected to save production cost which is given below as Annual Income. The machines are expected to be part of the production process for 5 years. The company has a minimum attractive rate of return (MARR) of 5.4%. The following data is available for these new machines:...

Subjects