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Good day Statistical Methods tutor , I would like to know the formula for calculating the percentage of stockouts for the given period and the

Good day Statistical Methods tutor , I would like to know the formula for calculating the percentage of stockouts for the given period and the formula for the total cost for the given period

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Your group has been contracted to work on a project for a London-based company, operating in the Caribbean. The name ofthe company is Shoe Maniac- Shoe Maniac manages a chain ofshoe stores. Your group met with the management team ofShoe Maniac and gathered the following infon'nation. II Shoe Maniac's most popular predict is the volcano-inspired. Magma Snappy Heeled Sandal. I The weekly demand for the Magma Snappy Heeled Sandal is given be the probability distribution below. (In your model use integers for all demands.) I Shoe Maniac replenishes its inventory by ordering 35!] units from the distributor whenever its current inventory reaches 60 units. The lead time (in weeks} to receive an order from the distributor follows a continuous uniform distribution and takes between 1 and 8 weeks. I The cost to hold I unit in inventory for 1 week is $20. The cost to place an order with the factory is $300. Stockout costs are estimated at S III) per unit. The initial inventory level is 140 units

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