Examlex
Reliability coefficients are expressed:
Scrap
Material that is discarded or deemed as waste during the manufacturing process, often due to defects, excess, or irrelevance to the final product.
Obsolescence
The process of becoming outdated or no longer used, often because of the introduction of newer and more effective technologies or products.
Safety Stock
An additional quantity of an item held in inventory in order to reduce the risk that the item will be out of stock.
Standard Deviation
A statistic that measures the dispersion or variability of a dataset relative to its mean, indicating how spread out the data points are.
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