Examlex
What temporary disorder may be experienced by pregnant women during the third trimester because of fluid retention?
Probability
The likelihood of a specific event or outcome occurring, expressed on a scale from 0 (impossible) to 1 (certain).
Cumulative Profit
Cumulative profit is the total sum of profit earned over a period of time.
Newsvendor Model
An economic model that determines the optimal inventory level for a product with uncertain demand to minimize the costs of stockouts and overage.
Decision Variable
A variable representing choices available to the decision maker in decision making or optimization problems.
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