Procurement
Identification of the Problem
The problem at hand in this case is how best to get the goods to the customers. In addition to costs, there are several other factors that need to be taken into consideration. The first is that the goods are highly perishable, which imposes a constraint on shipping. It is not known at this point what the constraint is, in terms of shelf life, but a refrigerated truck is necessary to ship the good.
Another problem is that there are six customers. Each customer has ordered fifty units. With respect to trucks, there is a flat rate fee of $55 for each truck. There is also a minimum of 60 lbs for the truck load (TL) price to be applicable. This price is $1, which the less-than-truckload (LTL) price is $2 per pound. From a cost perspective, the fixed fee for each truck is considerable, so there is incentive to minimize the number of trucks that are used. The same can be said of LTL shipments, which are at double the variable cost of TL shipments, before taking into account the $55 per truck fee. There is a constraint on truck capacity, however, which is four customers (200 lbs) per truck. Thus, at least two trucks will be required. With six customers, there is a maximum of six trucks that will be used.
Finances of the Decision
The formula for determining the total price is as follows:
55x + 1y + 2z, where x is the number of trucks, y is...
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