Examlex
__________ are based on the principle of a linear increase in resistance that occurs when a metal is exposed to heat.
Variable Demand
Fluctuations in customer demand for products or services over time, which can significantly impact supply chain, inventory management, and planning processes.
Poisson Distribution
A discrete probability distribution that often describes the arrival rate in queuing theory.
Exponential Service
A service mechanism in which the service times follow an exponential distribution, commonly used to model random service processes in queueing theory.
Monte Carlo Analysis
A statistical technique that utilizes random sampling and variability to calculate risks and predict outcomes in a wide range of applications.
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