CriticalRatio: Criticalratio

In inventorize: Inventory Analytics, Pricing and Markdowns

Criticalratio

Description

Calculating critical ratio of a news vendor model under any distribution.this critical ratio maxmizes profit.

Usage

CriticalRatio(sellingprice, cost, salvage, penality, na.rm = TRUE)

Arguments

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

Value

the critical ratio.

Note

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.

Author(s)

"haytham omar email: <[e-mail]>"

Examples

CriticalRatio(sellingprice=80,cost=60,salvage=45,penality=25,na.rm=TRUE)

inventorize documentation built on June 1, 2022, 1:07 a.m.