Examlex
_____ is the relation between the price of a good and the quantity all producers are willing and able to sell per period, other things constant.
Overstocking
The practice of holding more inventory than is necessary, often leading to excess stock that is difficult to sell.
Understocking
The condition where the inventory levels are too low, risking stockouts, lost sales, and dissatisfied customers.
Demand Mean
The average demand over a specified period of time.
Standard Deviation
A statistical measure that quantifies the amount of variation or dispersion in a set of numerical data, indicating how spread out the data points are from the mean.
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