A pharmacy dispenses a generic drug at an average rate of 50 milligrams per day. An examination of pharmacy records suggests that daily demand is approximately normal and has a standard deviation of 5 milligrams per day. Lead time is four days, and then pharmacist wants a stock-out risk that does not exceed 1%.

a. Determine the order point (OP)

b. How much safety stock should be carried?

c. What service level would an order point of 215 milligrams provide?

Suppose the price of frozen yogurt, a substitute for ice cream, increases. what happens to equilibrium price and quantity of ice cream? a. the price and quantity of ice cream both increase b. the price and quantity of ice cream both decrease c. the price of ice cream increases and the quantity decreases d. the price of ice cream decreases and the quantity increases

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?

During the holiday season, maria's department store works with a contracted employment agency to bring extra workers on board to handle overflow business, and extra duties such as wrapping presents. maria's is using during these rush times.