A portion of a hospital pharmacy formulary contains the twenty medications listed in Table EX 11.5 . Ordering cost of items is $ 30 and yearly carrying cost is 5 percent of the unit price.
a. Determine basic the EOQ on each item.
b. Provide the ABC classification of these items.
c. Calculate the yearly inventory management cost.
d. Determine the investment cost (per cycle) for each item.
