Quantitative Methods for Management, Volume 13 |
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Common terms and phrases
activities analytical applied arithmetic assigned assumed average service behavior buffer storage Cardinal Utility coin combinations competitors complex decision situations consequences considered constraints conveyor criterion of preference critical path customer arrival decision variables decision-maker's decision-making process demand destination belt destination container destination lane determine digit number economic ordering quantity estimated example Expected net income Expected Value factors feasible alternatives Game Theory holding inventory identified illustrated individual lexicographic ordering linear programming machine managerial mathematical model maximum minutes per pound mixed strategy non-zero-sum games numerical values objectives obtain Operations Research operator lane package pertinent player possible actions possible alternatives possible outcomes preference order priority probability 02 Demand probability distribution problem process process process procurement profit purchase purists quantitative methods Queueing Theory recycled relationships relatively represent representation require revenue schedule service facilities simulation solution sources specific technical total cost uncertain situations uncertainty units Utility value warehouse