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A Discrete Quantitative Variable Is One That May Assume Values

question 114

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A discrete quantitative variable is one that may assume values only at specific points on an interval of values, with inevitable gaps between them.


Definitions:

Lead Time

The time interval from the initiation of a process until its completion, often used in the context of manufacturing or supply chain management.

Gross Requirement

The total demand for an item, including both independent demand from customers and dependent demand from the production of other items.

Bill Of Material

A comprehensive list of raw materials, components, and assemblies required to construct, manufacture, or repair a product or service.

Material Requirements Plan

A system used in manufacturing to calculate the materials and components needed to manufacture a product, ensuring materials are available for production and products are available for delivery.

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