Oriental Healthcare is a multi-specialty hospital catering to a variety of illnesses connected to the heart and respiratory systems. The demand for a class of medical consumables is generally random. Recently, an examination of the store's records over a period of 10 weeks revealed the following weekly consumption pattern:
 

Week No.	Consumption units
1	120
2	109
3	89
4	140
5	110
6	145
7	77
8	120
9	130
10	80

The supplier of the item takes on an average of 2 weeks to deliver once the order is placed. Design an appropriate inventory control policy for a periodic review system for a review frequency of 4 weeks for a 99% service level.

Answer rating: 100% (QA)

weekly mean demand 112 Standard deviation of demand from excel 2384 24 Order up to level for a p... View the full answer