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Calculate the expected cost per stockout with the following information: Probability of a back order is 47%, lost sale is 22%, and the probability of
Calculate the expected cost per stockout with the following information: Probability of a back order is 47%, lost sale is 22%, and the probability of a lost customer needs to be calculated. The cost per incident of a back order is $50, lost customer is $550. A lost sale costs $125. The average order is 50 units, at $45 per unit. Please round to two decimal places.
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