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From 1995 to 2000 the stock market as measured by the S&P 500 index
ESC (Expected Shortage per Cycle)
The average amount of inventory shortage anticipated during a single replenishment cycle in inventory management.
Lot Size
The quantity of items that are processed, manufactured, or purchased at one time.
Reorder Point
The inventory level at which a new order should be placed to replenish stock before it runs out, considering lead times.
Average Inventory
The mean amount of inventory held over a specific period, used to calculate turnover rates and order quantities.
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