Find the optimal order quantities of the fresh cheese

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Reference no: EM133300613

Topic: Real Great Foods (RGF) is a distributor of frozen food products. They source large quantities of fresh cheese from their local supplier at $10 per kilogram. They incur an ordering cost of $5 per order. Fresh cheese, arriving at RGF distribution center, is cut uniformly into thin square slices of 3in×3in. Each slice of cut cheese is wrapped in a plastic wrapper. Twenty such wrapped slices are put into a plastic pack that has the RGF logo on it. RGF sells each pack of sliced cheese to retail shops at $44 per pack of 1 kg. The setup cost for cutting, wrapping, and packaging operation is $7. The demand of packed cheese is DE per year. The inventory carrying rate is CR% per year.
Question 1: Find the optimal order quantities of the fresh cheese and the packed cheese.
Question 2: Find the yearly total relevant inventory cost of the supply chain.
Question 3: Find the optimal time between orders of the fresh cheese and of the packed cheese.

Reference no: EM133300613

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