Examlex
How can queues,bottlenecks,and other interference be altered?
FIFO
An inventory valuation method that assumes the first items placed in inventory are the first sold, standing for "First In, First Out."
Weighted Average
A calculation method that accounts for the varying degrees of importance or weights of different elements in a dataset, often used in financial metrics and inventory costing.
Moving Average
A moving average is a statistical method used to analyze data points by creating a series of averages of different subsets of the full data set.
Net Method
An accounting method of recording purchases at the net of any trade discounts and rebates.
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