Question: please explain work and show work 5. (10 points) A hospital stocks a code red resuscitation kit. The average demand of the kits is 50
please explain work and show work
5. (10 points) A hospital stocks a "code red" resuscitation kit. The average demand of the kits is 50 kits per working day and the standard deviation of the daily demand is 10. The lead time is constant at 3 days. The hospital use periodic review policy and review period is set at 9 days. The cycle service level is set at 95%. a. What is the safety stock? b. If the inventory position is at 8 units, what should be the order quantity
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