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Strike Price
The specified price at which the holder of a financial option can buy (in the case of a call option) or sell (in the case of a put option) the underlying asset.
European Put Option
A contract that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price on or before a specified date.
Reorder Point
The inventory level at which a new order should be placed to replenish stock before it runs out, considering lead time.
Inventory Level
The quantity of goods or materials on hand at any given time, which is crucial for meeting demand without excessive holding costs.
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