Company B carries 5000 items. Customers ordered 1000 different items last week. Company B was able...
Company B carries 5000 items. Customers ordered 1000 different items last week. Company B was able to fulfill 600 items of the order. What is the stockout probability for last week?
Homework Answers
Ans is 0.08
The shortfall in stock fulfillment by company B was 400 items. i.e. out of 1000 different items ordered, the company was able to fulfil only 600 items and therefore 400 items were not fulfilled.
Stock out probability for last week - 400 / 5000 = 0.08 or 8 %
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