Makes an emergency purchase of blood

Assignment Help Operation Management

Reference no: EM131701954

A hospital purchases blood every 21 days from a blood bank at $30/pint. Any blood not used must be discarded after 21 days. If the hospital runs out of blood during the 21-day period, it makes an emergency purchase of blood at a cost of $50/pint. Demand for blood over the 21-day period is as follows:

Demand (pints): 100 125 150 175 200

Probability: 0.1 0.2 0.3 0.3 0.1

Set up the decision table and show how you got each value within the table.

Reference no: EM131701954

Questions Cloud

Disadvantages of each of the different org structures : What are advantages and disadvantages of each of the different org structures? What is informal structure?

What are typical integration problems : What are typical integration problems? What are organizational systems?

Which resource is the bottleneck : Which resource has higher capacity (show calculations)? Which resource is the bottleneck and what is the process capacity in guests per minute?

What are the cons of pushing the envelope : What are the cons of “Pushing the envelope” in areas of legal uncertainty or erring on the side of caution?

Makes an emergency purchase of blood : If the hospital runs out of blood during the 21-day period, it makes an emergency purchase of blood at a cost of $50/pint.

Information about it from experienced professional : You’ve been thinking about a certain kind of career, and you’d like to get more information about it from an experienced professional.

About queues is false when demand exceeds supply : Which of the following statements about queues is FALSE when demand exceeds supply?

Lets create risk list : Let’s create a “risk list”, which may include some items from last week and new items. Provide short definitions.

About your audience before delivering presentation : Presentations in business are mandatory. What are some of the details you should know about your audience before delivering a presentation?

User Account

All Pages