A hospital uses a particular medicine about 10,662 capsules per year. At the moment, the hospital...

A hospital uses a particular medicine about 10,662 capsules per year.
At the moment, the hospital purchases the medicine from a supplier
who has a lead time of 7 days.
The hospital has a holding cost of 1.83 per capsule per year and
an ordering cost of 85 dollars per order.
What is the optimal annual holding cost?

Assume EOQ model is appropriate.

Use at least 4 decimal places.

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Expert Solution

FOR ANY DOUBT POST A QUESTIONS IT WILL BE HIGHLY APPRECIATED ?

Nightingale answered 1 year ago

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