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Capacity Allocation
The process of distributing available resources or capacity among various operations, processes, or production orders to maximize efficiency and meet demand.
Intermediate Future
A period that lies between the near future and the distant future, often used in the context of forecasting or planning over a few years to a decade.
Perishable Inventory
Items or goods that have a limited lifespan or shelf life, requiring careful inventory management to minimize losses due to spoilage or obsolescence.
Yield Management
A pricing strategy that uses understanding of consumer behavior and market demand to maximize revenue, often used in the airline and hotel industries.
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