Input Data
Retailer
Annual Demand 240,000
Order cost per lot 200$
Unit cost 5$
Holding cost 20%
Crunchy
Order cost per lot 1,000$
Unit cost 3$
Holding cost 20%
Retailer Orders Independently Orders Optimize Joint Costs
Economic Quantity Ordered by Retailer 9798 Quantity that minimizes total cost 18974
Retailer ordering cost 4,899$ Retailer ordering cost 2,530$
Retailer holding cost 4,899$ Retailer holding cost 9,487$
Retailer total cost 9,798$ Retailer total cost 12,017$
Crunchy delivery cost 24,495$ Crunchy delivery cost 12,649$
Crunchy holding cost 2,939$ Crunchy holding cost 5,692$
Crunchy total cost 27,434$ Crunchy total cost 18,341$
Total cost across both parties 37,232$ Total cost across both parties 30,358$