The numerical example shows that, in many OTOS situations, the use of our model can provide some long-term gain and a particularly attractive short-term improvement in the retailer's NPV.
Similarly, when faced with an OTOS, a retailer seeks to maximize his lifetime NPV from the special price and order quantity of the OTOS followed by all regular cycles for the rest of the product's life.
s] is likely to be substantially greater than Cr for three reasons: (i) OTOS policy determination requires the use of a different model, (ii) The OTOS order quantity is likely to be several times the regular order quantity, and (iii) [C.
s] = total annual holding costs (all except the obsolescence cost) per unit of special OTOS purchase [H.
s] = probability, at the beginning of the special OTOS inventory cycle of Qs/Rs years, that the product does not become obsolete during the cycle.
s] = NPV factor for a cashflow occurring at the end of the special OTOS inventory cycle.
L] = the difference between the expected lifetime profit resulting from the special OTOS [P.
cs] = expected profit, in NPV terms, from the special OTOS cycle
Ls] = expected lifetime profit, in NPV terms, from the special OTOS cycle followed by all regular cycles
We assume that the OTOS discount is available at the beginning of what would have been a regular inventory cycle.
While there is a physician version of the Oto
, our primary focus is on the consumer market and the Oto
Home system," Amy Sheng, the cofounder of CellScope, said in a published interview.
Prior to the development of the OTO Tech program and its antecedent audiometric technician program under the auspices of the ANS, there were few options for training staff to perform audiometry.
The OTO Tech program is only the first of planned, psychometrically sound, meticulously designed training programs for otolaryngology personnel.
Initial experience with OTO technicians suggests that office personnel trained through CPOP programs can become even more valuable and dedicated assets to the physician's office than they were before training.