Introduction to the Financial Management of Healthcare Organizations Reorder Point Under Conditions of Uncertainty Self-Quiz...
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Introduction to the Financial Management of Healthcare Organizations Reorder Point Under Conditions of Uncertainty Self-Quiz Problem Find the low-cost reorder point under conditions of uncertainty given the following information: Stock-out cost = $6.00 per item Overstock cost = $1.00 per item Probability of meeting demand 25 .10 100 .25 101 30 102 .10 104 103
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