Question: Please briefly explain your solutions and describe your formulas need to be kept stored in controlled environments. As a result, they bring additional stocking, selling

Please briefly explain your solutions and describe your formulas need to be

Please briefly explain your solutions and describe your formulas

need to be kept stored in controlled environments. As a result, they bring additional stocking, selling and general costs to the pharmacy. The table below depicts the basic information related to one representative product from each category. These products can be considered as "typical" products for their respective categories in that their demand profiles, margins, turns, SG\&As are in tune with the category averages. The relevant data on price, purchasing cost, clearance price (for salvaging unsold units at the end of the season), as well as demand in the season for the OHC pharmacy is given below. What is the unit underage cost and overage cost for these two products? How many units of each product should OHC Pharmacy stock to maximize expected profits? If the objective of OHC Pharmacy is to achieve 99% service rate for both products, what should the order quantities be

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