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Quiz 6 - ROP - Quiz 6 DSC 335 Name SOLVE THIS PROBLEM Wood...

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Quiz 6, DSC 335, Name __________________ SOLVE THIS PROBLEM. Wood County Hospital consumes on average 500 boxes of bandages per week. The weekly consumption follows a normal distribution, with standard deviation of the weekly consumption being 100 boxes. The resupply (delivery) lead-time is 4 weeks. The purchasing price of bandages is $70 per box. The cost of processing and placing an order is $60, and the cost of holding one box in inventory for a year is 15% of its purchasing price. Assume 52 weeks per year.
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