Examlex
In a set with an even number of values, the median is the mean of the middle two numbers.
Aggregate Planning
A process in operations management aiming to determine an optimal production plan to meet fluctuating demand in the medium term while minimizing costs.
Subcontracting
The practice of assigning part of the obligations and tasks under a contract to another party, often to specialize in particular tasks or save on costs.
Inventory
Describes the goods and materials that a business holds for the ultimate goal of resale or production.
Overtime
Additional hours worked beyond the standard working hours, often resulting in higher pay rates.
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