Health care inventory system

The Compass Hospital and Health Center (CHHC) inventories hospital gloves for use in surgery and patient care. The hospital, which operates seven days a week, 52 weeks per year (365 days a year), can consume gloves at the rate of 200 pairs of gloves per day. (Gloves can only be used for one task and must then be discarded because of the risk of contamination.) The hospital uses a continuous inventory system in which gloves are kept in small supply closets spread throughout the facility. When needed, employees go to the nearest supply closet and retrieve a pair of gloves. The gloves’ bar code is simply swiped past a bar code reader along with the bar code of the account of the patient to whom the item is to be charged. The ing cost for an of gloves is $200. The cost of holding (carrying) gloves in storage closets is $3 per pair per year. The lead time for receipt of the of gloves, once the is transmitted to the supplier, is 10 days without making the an express shipment.

7.Suppose that ordinarily CHHC is charged $5 per pair of gloves by the glove supplier for s of less than 4000 pairs. For s between 4000 and 4999 pairs of gloves, CHHC receives a discount of one dollar, resulting in a $4 charge per pair. For s of 5000 or more pairs of gloves, the price is $2.50 per pair. Assuming CHHC has plenty of excess storage capacity, using the EOQ model, at what quantity would CHHC’s ing, carrying, and annual purchase costs are minimized? (Hint: Total Cost = Ordering Cost + Carrying Cost + Purchase Cost)

8. (6 points) Other than applying the EOQ model when ing gloves, which factors (discuss at least three) should CHHC consider when making a decision about glove inventories?

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 30% with the discount code HAPPY