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please share excel formulas Daily demand for aspirin at DoorRed Pharmacy is normally distributed, with a mean of 40 bottles and a standard deviation of
please share excel formulas
Daily demand for aspirin at DoorRed Pharmacy is normally distributed, with a mean of 40 bottles and a standard deviation of 5 . The replenishment lead time from the supplier is one day. The current inventory policy at DoorRed is to order 200 bottles when the quantity on hand drops below 45 . Each bottle costs DoorRed \$4, and the pharmacy uses an annual holding cost of 25 percent. c. DoorRed believes that all unfilled demand can be backlogged if customers are given a $1.50 discount on their next purchase (effectively making the cost of understocking $1.50 ). What inventory policy do you recommend for DoorRed Step by Step Solution
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