Examlex
The cost of capital is the minimum acceptable rate of return for capital investment.
Service Rate
The speed at which a service provider can complete a service or process an item, often measured in units per time period.
Simulation Results
The output or outcomes generated from running a computer-based model that represents a real-world system.
Process Simulation
The use of computer software to model the operation of an entire process or system to study its behavior and performance under different conditions.
Probability Distributions
A mathematical function that describes the likelihood of obtaining the possible values that a random variable can take.
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