Perform a Management Science Modelling
Management Science Modelling.
Requirements:
An organisation aims to manufacture 3 products and transport them from 3 factories through four warehouses to five retailers. Based on the data provided (see Brightspace, file BMD0001ManSci1920.xlsx)
- Provide the mathematical model that would lead to an optimised delivery cost. (20 marks)
- Discuss in detail the approach used to develop the optimisation model using a dedicated computer software. (20 marks)
- Provide a critical evaluation of the results obtained. (30 marks)
- Considering that Product 1 is no longer required to be delivered, review the model developed and provide an optimised solution in this case. Discuss in detail your approach. (30 marks)
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