Business Analytics Quiz
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TOOLS, COMMUNICATION, AND DELIVERY
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A seasonal product has forecast demand that is approximately normal with a mean of 1,0001{,}000 units and a standard deviation of 120120 units. An unsold unit creates a clearance loss of 1010 dollars, while a stockout loses 4040 dollars of contribution. The appropriate critical fractile is therefore 40/(40+10)=0.8040/(40+10)=0.80, and the standard-normal 8080th percentile is approximately 0.840.84.
Which inventory action best translates the forecast and cost asymmetry into a stocking decision?
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