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The Midlands Field Produce Company contracts with potato farmers in Colorado, Minnesota, North Dakota, and Wisconsin for monthly potato shipments. The company picks up the potatoes at the farms and ships by truck to its sorting and distribution centers in Ohio, Missouri, and Iowa. At these centers the potatoes are cleaned, rejected and discarded, and the potatoes are sorted according to size and quality. They are then shipped to combination plants and distribution centers in Virginia, Pennsylvania, Georgia, and Texas, where the company produces a variety of potato products and distributes bags of potatoes to stores. Following are summaries of the shipping costs from the farms to the distribution centers and the processing and shipping costs from the distribution centers to the plants, as well as the available monthly supply at each farm, the processing capacity at the distribution centers, and the final demand at the plants (in bushels): Farm Distribution Center ($/bushel) Supply 5. Ohio 6. Missouri 7. Iowa (bushel) 1. Colorado 1.20 1.09 1.26 1600 2. Minnesota 0.89 1.32 1.17 1100 3. North Dakota 0.78 1.22 1.36 1400 4. Wisconsin 1.19 1.25 1.42 1900 Processing Capacity (bushels) 1800 2200 1600 Distribution Center Plant ($/bushel) 8. Virginia 9. Pennsylvania 10. Georgia 11. Texas 5. Ohio 4.56 3.98 4.94 5.10 6. Missouri 3.43 5.74 4.65 5.01 7. Iowa 5.39 6.35 5.70 4.87 Demand (bushels) 1200 900 1100 1500
Formulate this problem as an Integer model
Define decision variables
Define objective function
Analyse and answer the questions below on Corporate Governance for the company named ENRON.
Consider the following:
1. External/internal directors and director independence
2. Number of board memberships (usually limit to 3 – 5 members)
3. Experience: amount of related industry experience
4. Meeting attendance
5. Committees and committee membership
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