Question
St David's dispenses 50,000 bottles of brand name pharmaceutical annually. The optimal safety stock (which is on hand initially) is 50 bottles. Each bottle costs
St David's dispenses 50,000 bottles of brand name pharmaceutical annually. The optimal safety stock (which is on hand initially) is 50 bottles. Each bottle costs the center $8.50, inventory carrying costs are 5%, and the cost of placing an order with its supplier is $50.
What is the economic order quantity? Format is x,xxx (number only)
What is the maximum inventory for this medication? Format is x,xxx
How often must the center order (in days)? Format is xx days or x days
How many orders of this pharmaceutical will need to be placed each year? Format is x or xx (number only)
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