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The cost of ordering too few is called the ______.
The probability that enough inventory is available to satisfy all demand is called the ___ probability
One type of mismatch cost is the opportunity cost of ___; that is the cost of too little supply
The expected number of units sold during the season at regular price is called expected ___
One strategy for managing the newsvendor environment is to _______ demand uncertainty.
An increase in expected demand will ______ maximum profit.
An increase in demand uncertainty will _______ expected profits.
tockout probability = 1 - ___ probability
The higher the desired in-stock probability, the _______ the order quantity that yields that service level.
When z = 2, the optimal order quantity should be two ___ ___ above the mean of the actual demand distribution
If an organization orders more than the quantity that maximizes expected profit the in-stock probability will be ________ the critical ratio.
The coefficient of variation is a(n) _______ measure of demand uncertainty.
Expected profit is also based on the consequences of inventory that needs to be salvaged.
At the end of the season, every unit that is ordered is either ___ by the sellers or left in ___
The expected number of units not sold at the end of the season is called expected ___
For a given normal distribution, the higher the order quantity the ______ the corresponding z value.
If the z value for an order quantity Q is positive then Q must be ________ the mean of the demand distribution.
expected ___ = Price * Expected Sales + Salvage value * Expected inventory - Cost per unit * Q
As the order quantity increases the ___ probability decreases.
The higher the in-stock probability, the _______ the likelihood that all demand is satisfied from inventory.

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