Kvs pharmacy fills prescriptions for a popular antibiotic, Ask an Expert

Management Studies

KVS Pharmacy fills prescriptions for a popular antibiotic medication. The daily demand is not constant but is assumed to follow the normal distribution with mean of 200 ounces and standar d deviation of 80 ounces. The antibiotic's vendor stops into the KVS store every 30 days to conduct a physical inventory of the ounces remaining. During the most recent inventory there were 60 ounces of the antibiotic on hand and it takes four days to receive an order after the order is placed. Given this information, determine the optimal order size that will allow KVS to maintain a 99% service level.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92525071

Have any Question?Write your Review or question?

Related Questions in Operation Management

Many national brands are supplying products to be sold by

Many national brands are supplying products to be sold by retailers under the retailer’s own private label. For example, Purina, Borden, Heinz – have all admitted to supplying products (sometimes lower in quality) – to b ...

Simplifun in gatlinburg tn is a tourist center that is open

SimpliFun in Gatlinburg, TN is a Tourist Center that is open on weekends (Friday, Saturday, and Sunday). Kelly Willis, the owner-manager hope to improve scheduling part time employees by determining seasonal relatives (f ...

1 how social media affected on pepsis kendall jenner ad

1. How social media affected on Pepsi's Kendall Jenner Ad? What was the result? How might this inciden have been prevented or better dealt with? How incident that reflected on an organization? 2. What restrictions or rec ...

1 find three examples of advertisement that incorporate

1. Find three examples, of advertisement that incorporate socially responsible marketing in their messages. Some companies are criticized for exploiting social issues or organizations by promoting them for their own gain ...

1 what cultures were at play in the case of the smithsonian

1. What cultures were at play in the case of the smithsonian institution and the catherine b. reynold foundations and how did the interplay of cultures influence the controversy and the outcome. 2. Channel control, chann ...

A what is nutrimentrsquos competitive business strategy

A. What is Nutriment’s competitive business strategy (refer to a previous chapter on strategic planning)? Justify your answer. Explain how this strategy impacts the price of Nutriments products and how that impacts compe ...

Business process engineeringassignment marked by local

Business Process Engineering Assignment Marked by: Local Lecturer From the Proceedings of the 11th through 13th International Conference on Business Process Management (BPM), select and review one paper from one of these ...

Egalitarianism is a fundamental of high performing work

Egalitarianism is a fundamental of high performing work systems. What type of jobs/organizations naturally fall under an egalitarian philosophy? Which ones may struggle with this? Is there a substitute for egalitarianism ...

Assignment project execution control amp closure

Assignment Project Execution, Control, & Closure Proposal Your Project Sponsor has approved your project proposal and has asked you to come up with a proposal for the execution, control, and closure for the project. Inst ...

According to nancy reardon 2011 senior vice president and

According to Nancy Reardon (2011), senior vice president and chief human resources and communications officer at Campbell Soup Company, the goal the company’s CEO Institute is to “create the most meaningful leadership ex ...

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