Question: ( b ) Determine the EOQ inventory policy ( Order quantity, Safety Stock, Reorder Point ) if all five retail outlets are jointly replenished? What
b Determine the EOQ inventory policy Order quantity, Safety Stock, Reorder Point if all five retail outlets are jointly replenished? What is the average total cost per year? Table below gives the symmetric distance in miles between each pair of locations. Assume demands at retail outlets are independent of each other. Hint: To compute the least joint ordering cost, you need to first determine the best route the truck should use! Use Cheapest insertion algorithm to find this route
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