Code blue resuscitation kit that has normally distributed

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Reference no: EM132307810

A Regional Hospital stocks a "code blue" resuscitation kit that has a normally distributed demand during the reorder period. The mean daily demand is 70 kits, and the standard deviation of daily demand is 5. The supplier is reliable and restocks the supplies 5 days after receiving an order. The hospital administrator wants to follow a policy that results in stockouts only 5% of the time.

a) What is the appropriate value of z?

b) How much safety stock should the hospital maintain?

c) What reorder point should be used?

d) If the hospital administrator wants to follow a policy that results in stockouts 10% of the time, what is the appropriate value of z?

e) If the hospital administrator wants to follow a policy that results in stockouts 10% of the time, how much safety stock should the hospital maintain?

f) If the hospital administrator wants to follow a policy that results in stockouts 10% of the time, what reorder point should be used?

g) If the hospital administrator wants to follow a policy that results in stockouts 2% of the time, what is the appropriate value of z?

h) If the hospital administrator wants to follow a policy that results in stockouts 2% of the time, how much safety stock should the hospital maintain?

i) If the hospital administrator wants to follow a policy that results in stockouts 2% of the time, what reorder point should be used?

Reference no: EM132307810

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