(Answered) A hospital orders rolls of gauze bandages using a fixed

Management Studies

A hospital orders rolls of gauze bandages using a fixed interval system. The bandages have a mean usage of 9 rolls and a standard deviation of 4 rolls. The lead time is 2 days and the desired risk of stockout is 1%. Assume a 12 review period. Determine the target inventory level (TIL) and safety stock (SS).

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