The stockout probability for last week is 17%
It is the percentage chance of a product not being in stock when an order is placed. Stockout probabilities are calculated by examining the length of time it takes to fulfill orders, the frequency of new orders, and the time between restocking orders.
How to calculate the stockout probability?
The shortfall in stock fulfillment by this company was 35,000.
35,000 is the result from 205,000 customers' order minus 170,000 items that fulfilled. So 35,000 items were not fulfilled.
Stockout probability
= (shortfall in stock / customers ordered) * 100
= (35,000 / 205,000) * 100
= 0.17 = 17%
Learn more about stockout probability https://brainly.com/question/29333227
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