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)
DC RO 1 RO 2 RO 3 RO 4 RO 5
DC 280310200250340
RO 1280210290260200
RO 2310210380200320
RO 3200290380300270
RO 4250260200300250
RO 5340200320270250

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