Wednesday, December 3, 2008

stupid question about service levels

In class, we talked about two types of services. 
  1. probability of not stocking out
  2. probaility of demand met from stock
Conceptually, what is the difference between this two types? If no demand being involved, does it make sense to talk about stock-out or not? Is there any possibility that the demand is met from other source?

- Bing Liu

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