Examlex
A bank vault is opened by applying a force of 140 N perpendicular to the plane of the door,1.20 m from the hinges.Find the torque due to this force about an axis through the hinges.
EOQ Methodology
The Economic Order Quantity method calculates the optimal order size to minimize the costs of holding inventory and stock ordering, balancing demand with inventory costs.
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.
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