rrently the company has to place separate orders with Foxconn and Flextronics and receives separate shipments. The fixed cost of each shipment is $10,000. (15 points) Answer the following question: a. What is the optimal order size and order frequency with each of Foxconn and Flextronics. Draw inventory profile for each product? Consider the following changes and answer the questions below The company is thinking of combining all assembly with the same contract manufacturer. This will allow for a single shipment of all products from Asia. b. If the fixed cost of each shipment remains $??? (As modified by you), what is the optimal order frequency and order size from the combined orders? c. Compare the annual total cost of separate and jointly ordering strategy? d. Define a shipment capacity that would be violated by size of combined orders, then adjust the amount of 2 orders regarding that c

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Optimization Models

Optimization models are mathematical models that help organizations determine the best way to allocate scarce resources to achieve specific objectives. These models can be used to solve a wide variety of problems, from finding the most efficient route for a delivery truck to determining the optimal mix of products to stock in a store.