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Inventory Costs
The costs associated with storing, managing, and financing a company's inventory, including such things as warehousing and insurance.
Shortage Cost
Costs incurred when demand exceeds supply, including opportunity costs of not meeting customer demand and potential loss of sales.
Carrying Cost
The full expenditure of keeping stock on hand, covering expenses related to storing, managing, value reduction, and the cost of alternative opportunities forgone.
Multiple Discriminant Analysis (MDA)
Statistical technique for distinguishing between two samples on the basis of their observed characteristics.
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