Criticalratio
Calculating critical ratio of a news vendor model under any distribution.this critical ratio maxmizes profit.
CriticalRatio(sellingprice, cost, salvage, penality, na.rm = TRUE)
sellingprice |
numeric,selling price of the SKU |
cost |
numeric,cost of the SKU |
salvage |
numeric,,salvage or discounted value if sold after season,if there is no salvage , zero is placed in the argument. |
penality |
numeric, peanlity cost of not satisfying demand if any, if not, zero is placed in the argument. |
na.rm |
A logical indicating whether missing values should be removed |
the critical ratio.
this is the second version of the inventorize package, all the fucntions are without any academic contribution from my side, the aim is to facilitate and ease much of the bookkeeping that is endured during stock analysis.
"haytham omar email: <haytham@rescaleanalytics.com>"
CriticalRatio(sellingprice=80,cost=60,salvage=45,penality=25,na.rm=TRUE)
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