Good day Statistical Methods tutor , I would like to know the formula for calculating the percentage of stockouts for the given

Question

Lelu [443]

2 years ago

14

Good day Statistical Methods tutor , I would like to know the formula for calculating the percentage of stockouts for the given

period and the formula for the total cost for the given period

Computers and Technology

1 answer:

sveticcg [70] · Answer 1 · 2023-04-17T03:17:22+03:00

In order to derive the probability of stock outs, divide the total value of the stock outs by the number of requests demanded. The resulting figure must then be multiplied by 100.

<h3>What is a stock out?</h3>

In business, a stock out refers to a condition where in a certain item or items are no longer available in stock.

The formula can be sated simply as:

Probability of Stock outs = (No of stock outs/ number of demand requests) x 100

Thus Number of Stock outs = Total probability of stock outs * total number of demand requests.

<h3>What is the formula for the Total Cost?</h3>

The formula for Total Cost is given as:

Total Fixed Cost + Total Variable Cost;

TC = TFC + TVC

Learn more about stock outs at:
brainly.com/question/16209393
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