Examlex
Eradication describes the various steps implemented to interrupt illicit drug trafficking.
Variable Demand
Fluctuations in customer demand for products or services over time, which can significantly impact supply chain, inventory management, and planning processes.
Poisson Distribution
A discrete probability distribution that often describes the arrival rate in queuing theory.
Exponential Service
A service mechanism in which the service times follow an exponential distribution, commonly used to model random service processes in queueing theory.
Monte Carlo Analysis
A statistical technique that utilizes random sampling and variability to calculate risks and predict outcomes in a wide range of applications.
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