inventorize (version 1.1.1)

MPP_singleperiod: MPP_singleperiod

Description

Maximum profit from a newsvendor model based on a poisson distribution.

Usage

MPP_singleperiod(lambda, p, c, g, b, na.rm = TRUE)

Arguments

lambda

numeric, mean of the demand based on poisson distribution.

p

numeric,selling price of the SKU

c

numeric,cost of the SKU

g

numeric,,salvage or discounted value if sold after season,if there is no salvage , zero is placed in the argument.

b

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

a dataframe that contains calculations of the maximum expected profit from a newsvendor model based on poisson distribution.

Details

calculating expected profit for a newsvendor model. based on assumed poisson distribution demand based on the critical ration.

Examples

# NOT RUN {
MPP_singleperiod(lambda= 32000,p=24,
c=10.9,g=7,b=0,na.rm=TRUE)
# }