Examlex
What organization has created a new online Directory of Crime Victim Services,which links crime victims and victim service providers to contact information for assistance 24/7?
Probability
The likelihood of a specific event or outcome occurring, expressed on a scale from 0 (impossible) to 1 (certain).
Cumulative Profit
Cumulative profit is the total sum of profit earned over a period of time.
Newsvendor Model
An economic model that determines the optimal inventory level for a product with uncertain demand to minimize the costs of stockouts and overage.
Decision Variable
A variable representing choices available to the decision maker in decision making or optimization problems.
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