A is 100 times more expensive per dose than b. the demand, Ask an Expert

Management Studies

Please show all work and use a table in structuring a quanlitative answer

An in-hospital pharmacy orders medication from a distributor.

Consider 2 Medications : A and B

A is 100 times more expensive per dose than B. The demand for B inside the hospital is about 10 times higher than for A, but the coefficient of variation in demand for A is higher than for B. Lead time for A is longer for B.

Suppose pharmacy uses "Continuous review ststem" for these two medications, reordering the medication when the inventory on-hand dips below the re-order point. Explain qualitatively how re-order points and order size would be influenced by the difference in the costs of medication, patterns of use, lead time. A table works well in structuring an answer.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9697847

Have any Question?Write your Review or question?

Related Questions in Operation Management

What criteria should be used during the process of

What criteria should be used during the process of selecting amongst strategic alternatives? WHY? What criteria should be taken into account when debating strategic alternatives. You should list possible strategic option ...

Mark and stacy brother and sister were partners who had

Mark and Stacy, brother and sister, were partners who had irreconcilable differences. In a suit to dissolve the partnership, a referee was appointed. The referee, to dispose of the assets, asked each partner to submit a ...

Using control processes can really make a workplace better

Using control processes can really make a workplace better by reducing the need for management oversight. If the employees clearly know what they need to achieve, the manager will likely not have to micromanage. If you w ...

Choose a company that makes great stuff - something you

Choose a company that makes great stuff - something you really like, whether it is a tennis racquet, electronics, etc. Come up with a partner for your firm that you think would make a terrific strategic alliance. Write a ...

1 suppose a dataset has a mean of 100 and standard

1. Suppose a dataset has a mean of 100 and standard deviation of 6. If the data are normally distnibuted, between what two values would I expect to find approximately 95% of the data? a. Between 5 and 195. b. Between 94 ...

1 two-page draft of your personal leadership philosophy2

1. Two-page draft of your personal leadership philosophy. 2. How can my organization and I use different approaches to more effectively manage change? 3. As a manager, what questions would you ask a job applicant to dete ...

If you are a safety professional reflect on ways in which

If you are a safety professional, reflect on ways in which you participate in design reviews at your organization or how you wish you could participate. If you are not yet a safety professional, find out if your current ...

1 an issue that can negatively impact targetrsquos business

1. An issue that can negatively impact Target’s business success is inventory stockouts. What is a stockout? Discuss least two (2) methods that Target’s management could implement to prevent stockouts. What do these meth ...

1 the most difficult aspect of workflow and process

1. The most difficult aspect of workflow and process improvement in healthcare is: Capturing repetitive processes Engaging nurses in learning their preferences for workflows Mapping processes performed mentally Reflectin ...

Harley davidson purchases components from three suppliers

Harley Davidson purchases components from three suppliers. Components purchased from Supplier A are priced at $ 5 each and used at the rate of 240,000 units per year. Components purchased from Supplier B are priced at $ ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert