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Minimum expected sales quantity of buyer j.
Maximum expected sales quantity of buyer j.
The summation captures the expected sales quantity, which depends on: (i) the proportion (q_{k}) of consumers searching k times; (ii) the likelihood k / N of consumers observing the utility of firm j; and (iii) the probability (L u_{j})^{k-1}) that, at utility level (u_{j}), the firm offers the highest utility level of all the k firms searched.
In this function the expected sales quantity of the supply chain will be denoted by L (D, Q) and can be expressed by Lleft( {D,Q} right): = Eleft[ {hbox{min} left( {D,Yleft( Q right)} right)} right] = D - intlimits_{0}^{D} {left( {D - y} right) cdot f_{Y(Q)} left( y right){text{d}}y}.
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(This always comes down to stock levels, which reflect expected sales: if bookshops have more bulk quantities of male authors because that is what is expected to sell, it's worth investigating why).
Analysts had expected sales to stay flat.
Economists had expected sales to fall 0.2 percent.
They had expected sales to rise 0.7percentt.
It had expected sales to fall 15percentto20percentcent.
It had expected sales to rise 3percentto5percentcent.
Analysts had expected sales of $3.07 billion.
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