Exercise A product is sourced from three suppliers by using one truck to pick up...

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Exercise • A product is sourced from three suppliers by using one truck to pick up Demand is 1000 units/year for each supplier • Truck cost is 700 baht and additional transportation cost to pick up from each supplier is 100 baht each • Holding cost is 20% of unit cost while the unit cost is 10 baht each • Assume all 1) Find optimal number of order per year 2) Find the optimal order quantity 3) Find annual order cost 4) Find annual holding cost • 5) Find annual total cost • 6) Find annual total cost if we order from each supplier independently using traditional EOQ model Exercise • A product is sourced from three suppliers by using one truck to pick up Demand is 1000 units/year for each supplier • Truck cost is 700 baht and additional transportation cost to pick up from each supplier is 100 baht each • Holding cost is 20% of unit cost while the unit cost is 10 baht each • Assume all 1) Find optimal number of order per year 2) Find the optimal order quantity 3) Find annual order cost 4) Find annual holding cost • 5) Find annual total cost • 6) Find annual total cost if we order from each supplier independently using traditional EOQ model

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Optimal Inventory Management Solution Given Demand per supplier1000 unitsyear Suppliers3 Truck cost700 bahttrip Additional transportation cost per sup... View the full answer