Question: 2 . Apply the Economic Order Quantity ( EOQ ) process to more effectively manage the following situation: Hospital Fresh Frozen Plasma ( FFP )
Apply the Economic Order Quantity EOQ process to more effectively manage the following situation:
Hospital Fresh Frozen Plasma FFP:
$ per unit price
holding cost per unit
$ ordering cost
week lead time for orders
The hospital uses units on average each week.
What is the Reorder Point?
What is the EOQ?
How many times per year will the hospital likely order FFP
If the hospital could reduce the holding cost of FFP would the hospital order more or less often in the future?
Briefly or sentences outline a process or technique that may enable the hospital to moderate FFP holding costs.
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