suppose a hospital requires a yearly supply of 5000 units of medication. The price for the medication
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Question:
suppose a hospital requires a yearly supply of 5000 units of medication. The price for the medication is $100 and the holding cost is 8% of the price. The ordering cost per order is $200. Assume 50 weeks in a year and use weeks as units of time. The safety stock is equal to 100 units and it takes 2 weeks to receive the order from the time it is ordered. What is the annual cost of managing the inventory?
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