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A company has 10 different suppliers. While the overall product purchased from these suppliers is the same, the price of the product and the quality
A company has 10 different suppliers. While the overall product purchased from these suppliers is the same, the price of the product and the quality rating of the product are different. Sheet4 provides the details of price, quality rating, and maximum supply available for each of the suppliers. The company wishes to purchase 250,000 units of the product. They also wish to ensure that the average quality rating of the quantity of products ordered should be at least 80, and the dollar value of products ordered should be at least 80. They wish to minimize the overall cost of the order. Solve this problem and find the minimum cost. The supply chain risk manager of the company now requires the following additional requirements in order to reduce risk: No one supplier should supply more than 20% of the total quantity. What is the additional cost due to these requirements? Your answers may be slightly different. But as long as the answer satisfies all requirements, that will be fine. A B C D Supplier Price Quality Rating 2 A T B C D E F $ $ $ $ $ $ 84 75 7 7 74 74 78 6.20 5.70 5.90 5.20 5.50 5.90 5.40 5.00 6.60 6.60 6.50 5.90 Maximum Quantity Available 60000 100000 90000 80000 80000 100000 100000 80000 50000 100000 90000 50000 74 $ 69 94 94 89 82 L $
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