Question: Problem 3 : To maintain inventory, a local pharmacy orders antibiotics every 7 days, and it takes 5 days for orders to arrive. One of

Problem 3:
To maintain inventory, a local pharmacy orders antibiotics every 7 days, and it takes 5 days for orders to arrive. One of their most common antibiotics has an average daily demand of 1800 capsules. There are currently 480 capsules in stock.
Based on prescription data over the past six months, the pharmacy has determined that the standard deviation of daily demand is 650 capsules. The pharmacy has a service level objective to satisfy 99 percent of the prescriptions from available stock.
It is time to place the next order of the antibiotic. Based on a Fixed - Time Period Model, how many capsules should be ordered?
Problem 3: To maintain inventory, a local pharmacy orders antibiotics every

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