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In a Poisson distribution,the variance and standard deviation are equal.
Reordering Cost
Expenses associated with placing additional orders for inventory, including logistics, processing, and communication costs.
Sequencing
The order in which the steps need to occur to produce a product.
Routing
The process of selecting paths in a network along which to send network traffic.
Dispatching
The process of sending out goods or deploying resources to a particular destination or for a specific task.
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