9. An inventory ordering system must be set up for Bandage BX-62 based on the following data...

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9. An inventory ordering system must be set up for Bandage BX-62 based on the following data (assume the normal distribution):

a. What safety stock would you recommend if a stockout risk of 8% is considered acceptable?

b. What safety stock would you recommend if a stockout risk of 4% is considered acceptable?

c. A reorder point of 560 packages has been set. What is the service level?

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Operations Management In Healthcare Strategy And Practice

ISBN: 9780826126528,9780826126535

1st Edition

Authors: Corinne M. Karuppan , Nancy E. Dunlap,Michael R. Waldrum

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Question Posted: Oct 07, 2024 11:03 AM

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9. An inventory ordering system must be set up for Bandage BX-62 based on the following data...

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Operations Management In Healthcare Strategy And Practice

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