Parameter | Value | Parameter | Value |
3 | Transportation cost per kilometer per Kg ($) | 0.001 | |
Number of products | 3 | Holding cost per period ($/kg) | 3 |
Fixed costs ($) | 50,000 | Capacity of each supplier (Kg) | 12,000 |
Factory capacity in hours (hrs) | 12,000 | Supplier batch size | 10 |
Weight of products 1, 2, 3 (Kg) | 1, 2, 3 | Factory Batch size | 1 |
Price of Products 1, 2, 3 | 100, 150, 200 | Machining time of products 1, 2, 3 (hrs) | 1, 2, 3 |
Material Cost ($/kg) | 10 | Capacity of Raw Material Store (Kg) | 10,000 |
Manufacturing Cost ($/hr) | 10 | Capacity of Factory Store (Kg) | 2000 |