Examlex
You have collected data on the approximate retail price (in $) and the energy cost per year (in $) of 15 refrigerators. Which of the following is the best for presenting the data?
Bullwhip Measure
A method or metric used to quantify the degree of the bullwhip effect within a supply chain.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, used in statistics to quantify the variance from the mean.
Bullwhip Effect
The phenomenon where variations in demand at the retail level cause progressively larger fluctuations in demand at the wholesale, distributor, manufacturer, and raw material supplier levels.
Shortage Gaming
A strategy used in supply chain management where participants may exaggerate their needs to avoid stockouts, often leading to inefficiencies or distortions in supply chains.
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