Flu season appears to be particularly difficult for affected groups next year. A hospital needs to order flu
vaccines to help keep rates of flu low to minimize risk to their at risk patient population. The hospital is projecting a normally distributed expected demand of 150,000 people who will need a flu shot with a standard deviation of 16,250. Flu shots cost $20 per dose and are sold for $35 per dose to the public. After the flu season is over, flu vaccination doses are worthless. The hospital has worked it out with the vaccine supplier to be able to order twice: once upfront and once during flu season. Shipping costs are typically $8 per dose. If the hospital orders during flu season, they'll need to pay expedited shipping costs of $16 per dose. What should the hospital's initial order be?
Recently Asked Questions
- You have just been hired as the new V.P. of Supply Chain by Wolf Industries, Inc.Wolf is a manufacturer of a variety of consumer packaged goods products that
- By examiningthe use of current transportation economic situations such as the 2010 BP oil spill in the Gulf of Mexico, how doesthe BP oil spill relates to
- Who is responsible for vessel/plane loading of your product at the seller's location?