Business operations

Describe the various forecasting qualitative and quantitative methods and models available to operations managers. Identify and describe the functions of a functioning supply chain (materials) management system from the standpoint of purchasing, inventory and logistics controls, and JIT manufacturing concepts. 1. Find the minimum cost solution for the following transportation problem which has cost structure as: To/From P Q R Availability A 16 19 12 14 B 22 13 19 16 C 14 28 18 12 Requirement 10 15 17 2. Briefly describe the Simplex method, Goal Programming, and Integer Programming.