Operational Business Processes Are Static, Routine, Daily Business Processes Such

question 31

True/False

Operational business processes are static, routine, daily business processes such as stocking inventory, checking out customers, or daily opening and closing processes.

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Definitions:

Simulation Results

The outcomes derived from running a computer model that approximates the behavior of a system under specific conditions.

Average Time

The mean value of a set of time measurements, calculated as the sum of all times divided by the number of occurrences.

Queue

A sequence of items or people waiting in line to be processed or attended to, often ordered by the principle of first-in, first-out (FIFO).

Reorder Point

The inventory level at which a new order should be placed to replenish stock before it runs out, considering lead time and demand.