The three blood banks in Seminole County, Florida, are coordinated through a central office that facilitates blood delivery to four hospitals in the region. The cost to ship a standard container of bloodfrom each bank to each hospital is shown in the table below. Also given are the biweekly number of containers available at each bank and the biweekly number of containers of blood needed ateach hospital.SourceBank 1Bank 2Bank 3DemandSourceBank 1Bank 2Hospital 1Bank 3Demand90Hospital 190$8$12$14$8$12$14Hospital 2The given transportation problem is balancedThe number of shipments should be made biweekly from each blood bank to each hospital so that total shipment costs are minimized:(Note: You must enter a shipment in every cell, even if the shipment is 0.)DestinationDestination7070Hospital 2$9$10$9$7Hospital 3$1040Hospital 340$11$11$5Hospital 4$650Hospital 450$16$8$16$8Supply50$780120Supply5080120

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Answered: The three blood banks in Seminole…

MARKETING 2018

19th Edition

ISBN:9780357033753

Author:Pride

Publisher:Pride

Chapter14: Marketing Channels And Supply Chain Management

Section14.1: Taza Cultivates Channel Relationships With Chocolate

Problem 1VC

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Retailers Warehouse (RW) is an independent supplier of household items to department stores. RW attempts to stock enough items for a 98 percent service probability. A stainless steel knife set is one item it stocks. Demand (2,400 sets per year) is relatively stable over the entire year. Whenever new stock is ordered, a buyer must ensure that numbers are correct for stock on-hand and then phone in a new order. The total cost involved to place an order is about $5. RW figures that holding inventory in stock and paying for interest on borrowed capital, insurance, and so on, add up to about $4 holding cost per unit per year. Analysis of the past data shows that the standard deviation of demand from retailers is about four units per day for a 365-day year. Lead time to get the order is seven days. What is the economic order quantity? Note: Round your answer to the nearest whole number. What is the reorder point? Note: Use Excel's NORM.S.INV() function to find the z value. Round z…
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