Review of selected measures describing demand
Quantitative reasoning based on the demand history of a good is necessarily linked to the statistical analysis of the data. In this paper, the analysis of historical demand data has been carried out with the use of measures such as: the percentile and the quartile, measures of central tendency, measures of dispersion. A given set of […]
Explore moreDemand
Demand is defined as 'a need for goods or services’ [Drabik and Sobol 2014]. In the book by Ziomek [2006], the term is described as „the amount of goods and services that a buyer wants to buy at a given price”. According to Philip Kotler [1999], the notion of demand must be seen in the […]
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The stock maintained to ensure the adopted level of customer service is called the safety stock [Krzyżaniak 2008; Klimczak 2001]. In the literature, this stock is also defined as a part of the stock created in order to protect against the occurrence of higher demand than planned or to extend the delivery time of an […]
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