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.
- add-on
- ad hoc mail survey
- adhocracy
- adjudication
- adjustable-rate mortgage
- adjustable-rate preferred stock
- adjusted present value
- adjuster
- adjusting entries
- adjusting events
- adjustment bond
- administered VMS
- administration order
- administrative receiver
- administrator
- adoption process
- ADR
- ADSL
- ADST
- ad tracking research
- ad valorem
- advance
- advance corporation tax
- advance postcard
- adventure