Examlex
Used in excess, praise can be quite effective at building realistic self-esteem.
Monte Carlo Simulation
A computational algorithm that uses repeated random sampling to obtain numerical results, often used to model the probability of different outcomes in a process that cannot easily be predicted due to the intervention of random variables.
Demand During Lead Time
The total customer demand for a product during the period it takes to reorder and receive a new supply.
Random Number Intervals
A sequence or range of numbers generated in such a way that each possible number is equally likely to occur, often used in simulations and statistical sampling.
Single-Channel
Pertaining to systems or processes that have only one path or mode of operation for handling tasks or transactions.
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