Expected Backorder
The average units of demands that are waiting to be filled at any point of time in an optimization interval. It is a function of pipeline forecast, pipeline forecast variance and stock level, and is a statistical expected value of the stockout amount when demands exceed the stock level. For a given pipeline forecast and variance, the higher the stock level, the lower the expected backorders. The Expected Backorder is directly related to the Wait Time where Expected Backorder is Wait Time * Total Daily Forecast.
Comparison fields
For comparison fields, there are three values shown per field:
• (A) — The value from the first scenario selection
• (B) — The value from the compare scenario selection
• (Delta) — The difference between the two selections