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Essay heading: Obermeyer
 
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Date added: August 28, 2007
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No of pages / words: 6 / 1618
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It costs about $0.20 to hold a needle in stock for one year. (Assume that the office can order needles in any quantity.) Ignoring any uncertainty in daily demand, calculate the EOQ the doctora?™s office should use for ordering their needles. (Round up to the nearest needle.) When should the office order more needles (i...
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(Round up to the nearest needle.) When should the office order more needles (i.e., at what inventory level)? How often will the office place an order? In reality, the supply manager knows that demand does exhibit some uncertainty. In fact, the manager has estimated that daily demand is Normally distributed with a standard deviation of 8 needles...
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