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MinCostCalc

Using linear programming techniques, MinCostCalc calculates the minimum cost solution for shipping products located in three separate locations to five customers with different shipping rates for each location/customer combination

Using linear programming techniques, MinCostCalc calculates the minimum cost solution for shipping products located in three separate locations to five customers with different shipping rates for each location/customer combination

MinCostCalc

by Global Business Strategies, Inc.
MinCostCalc
MinCostCalc
MinCostCalc

What is it about?

Using linear programming techniques, MinCostCalc calculates the minimum cost solution for shipping products located in three separate locations to five customers with different shipping rates for each location/customer combination. Shipping rates for customers are entered in the system along with customer demand and available product supply. In addition to quickly calculating the minimum cost and quantities matrix, MinCostCalc provides the first iteration of the North West Corner method along with the Least Cost Cell method for comparative purposes. Five detailed iterations are available to show the steps required to achieve the minimum cost solution. An example problem and solution are included to assist with understanding system operation.

MinCostCalc

App Details

Version
1.6
Rating
NA
Size
2Mb
Genre
Business Education
Last updated
April 20, 2021
Release date
November 20, 2017
More info

App Screenshots

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App Store Description

Using linear programming techniques, MinCostCalc calculates the minimum cost solution for shipping products located in three separate locations to five customers with different shipping rates for each location/customer combination. Shipping rates for customers are entered in the system along with customer demand and available product supply. In addition to quickly calculating the minimum cost and quantities matrix, MinCostCalc provides the first iteration of the North West Corner method along with the Least Cost Cell method for comparative purposes. Five detailed iterations are available to show the steps required to achieve the minimum cost solution. An example problem and solution are included to assist with understanding system operation.

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