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Nat2105 [25]
3 years ago
8

Barbara Flynn is in charge of maintaining hospital supplies at General Hospital. During the past year, the mean lead time demand

for bandage BX-5 was 65. Furthermore, the standard deviation for BX-5 was 7. Ms. Flynn would like to maintain a 95% service level. z=1.65
a. What safety stock level do you recommend for BX-5?
b. What is the appropiate reorder point?
Business
1 answer:
Archy [21]3 years ago
4 0

Answer:

A. 12 units

B. 77 units

Explanation:

A. Calculation to determine What safety stock level do you recommend for BX-5

Using this formula

Safety stock = Z * Standard deviation of demand

Let plug in the formula

Safety stock= 1.65* 7

Safety stock= 11.55 units

Safety stock=12 units (Approximately)

Therefore The safety stock level recommended for BX-5 is 12 Units

b. Calculation to determine What is the appropiate reorder point

Using this formula

Appropriate re-order point = Mean lead time demand + Safety stock

Let plug in the formula

Appropriate re-order point = 65 + 12

Appropriate re-order point = 77 units

Therefore the appropiate reorder point will be 77 units

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Answer:

C

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Compare the prices. You can tell which item cost less per unit and is the best deal.

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82% of companies shop their products by truck. 47% of companies ship their product by rail 40% of companies shop by truck and ra
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Answer: 0.89

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In the language of macroeconomics, investment refers to Select one: a. saving. b. the purchase of new capital. c. the purchase o
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Answer:

The correct answer is letter "B": the purchase of new capital.

Explanation:

In macroeconomics, an investment is a capital that has been acquired with the intention that it will produce income or interest over time. Popular investments include <em>stocks, bonds, real estate, mutual funds </em>and<em>, </em>to a lesser degree<em>, commodities, annuities, and options. </em>

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3 years ago
Estion 1/5
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As price elasticity of supply increase the supply curve?​
egoroff_w [7]

Answer:

As price elasticity of supply increase the supply curve will be closer to the horizontal axis thus shallower.

Explanation:

The price elasticity of supply can be defined as a measure of how much the price of a good or service changes with a corresponding change in the supply of that specific good or service. This means that a good or service can be described as either elastic or inelastic depending on how it's price and supply parameters behave. Inelastic goods are those goods whose price change with reference to their supply do not change much. These goods are sometimes referred to as essentials since people tend to buy them even if the prices are high. On the other hand, elastic goods are those ones whose price fluctuates depending on the supply. These goods are called luxuries, since people buy them only when their prices are low, and avoid them when the price rises.

The price elasticity of supply can be determined using the expression below;

E=%Q/%P

where;

E=elasticity of supply

%Q=percentage change in quantity supplied

%P=percentage change in the price for the corresponding changes in quantity supplied

The supply curve generally represents changes in price verses the changes in quantity supplied. The price is plotted on the left vertical axis, against a corresponding quantity supplied on the horizontal axis.

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3 years ago
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