Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Given scenario

A hospital is administering a polio vaccine (“polio drops”) to children under the age of 5 in Mexico. It costs the hospital $2 to purchase one shot, and they charge $3 for administering it to a child. Unused vaccines are destroyed. The hospital management needs to decide the number of vaccines to be ordered. Since the hospital has been administering these shots for the last 6 years (24 quarters), they have been able to compile the demand for the vaccine.

Determine the optimal service level and optimal order quantity, for the vaccine.

Quarter

Demand

1

15

2

18

3

21

4

15

5

17

6

22

7

20

8

16

9

22

10

18

11

25

12

15

13

26

14

29

15

16

16

30

17

17

18

25

19

18

20

16

21

19

22

23

23

20

24

15

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