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I am given 5 0 months of demand data. The goal is to rank 3 suppliers in terms of total costs. I have access to
I am given months of demand data. The goal is to rank suppliers in terms of total costs. I have access to the fixed ordering cost and annual holding cost rate in For each supplier i have access to the product price per unit lead time days transportation cost per unit and minimum shipement size units I am struggling to figure what steps I should take to properly rank the suppliers, i looked everywhere including my textbook Im not sure what formulas to use and when. Please help and thank you.
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