A pharmacy dispenses a generic drug at an average rate of, Ask an Expert

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A pharmacy dispenses a generic drug at an average rate of 80 milligrams per day. An examination of pharmacy records suggests that daily demand is approximately normal and has a standard deviation of 10 milligrams per day, Lead time is four days and the pharmacist wants out a stock out risk that does not exceed 1 percent.

a. Determine the reorder point (ROP)

b. How much safety stock must be carried?

c. What service level would a reorder point of 310 mg prowide?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92176910

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