What Is an Explanation Offered for Why Firms Have Not

question 41

Multiple Choice

What is an explanation offered for why firms have not historically tracked stockouts very well?

• A)There is no agreed upon definition of stockouts.
• B)There is no way to track stockouts.
• C)Stockouts occur after the fact.
• D)Stockouts are difficult to track.

---

Definitions:

Units Arrive

Pertains to the process or moment when manufactured goods or inventory items reach a designated location, such as a warehouse.

M/M/1 Assumptions

A set of conditions that underlie the M/M/1 queue model, including that arrivals occur according to a Poisson process, service times have an exponential distribution, there is a single server, and the queue has infinite capacity.

Average Number

A statistical measure representing the central or typical value in a set of numbers, often calculated as the sum of all numbers divided by the count of numbers.

μ

The symbol commonly used to represent the mean or average in statistics and mathematics.