Suppose your department uses medical supplies in the provision of services. The supplies cost $7 per box
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Suppose your department uses medical supplies in the provision of services. The supplies cost $7 per box and the department uses 5,000 boxes per year. Storage and financing costs are estimated at $50 per box per year, and it requires 1 hour of staff time to place each order. Staff are paid $15 per hour on average. What is the optimal amount of medical supplies to order at one time?
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Related Book For
Accounting Fundamentals For Health Care Management
ISBN: 9781284265200
4th Edition
Authors: Steven A. Finkler, David M. Ward, Thad Calabrese
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