run-out time
run-out time The time that will elapse before an item in stock runs out. The concept is essential for scheduling the reordering of a range of goods. The run-out time for a product i is defined as:
where ri is run-out time in weeks, li is units in stock, and di is demand in units per week.
The accompanying table gives a number of examples.
Run-out time. The run-out times of four products as calculated from current stock levels and demand rates.
- nominee shareholding
- non-adjusting events
- non-adopter
- non-assented stock
- non-business days
- non-contributory pension
- non-cumulative preference share
- non-cumulative quantity discount
- non-domiciled
- non-durables
- non-equity share
- non-executive director
- non-marketable securities
- non-monetary advantages and disadvantages
- non-negotiable instruments
- non-participating preference share
- non-personal communication channel
- non-price competition
- non-probability sampling
- non-production overhead costs
- nonprofit marketing
- nonprofit organization
- non-qualifying policy
- non-resident
- non-revolving bank facility