a branch of mathematics that is concerned with the rate of change of functions; the two basic forms of calculus are differential calculus and integral calculus
calling population
the source of customers to a waiting line
carrying cost
the cost incurred by a business for holding items in inventory
causal forecasting methods
a class of mathematical techniques that relate variables to other factors that cause forecast behavior
classical optimization
the use of calculus to find optimal values for variables
classical probability
an a priori probability
coefficient of determination
a measure of the strength of the relationship between the variables in a regression equation
coefficient of optimism
a measure of a decision maker's optimism
collectively exhaustive events
all the possible events of an experiment
concave curve
a curve shaped like an inverted bowl
conditional probability
the probability that one event will occur, given that another event has already occurred
constrained optimization model
a model that has a single objective function and one or more constraints
constraint
a mathematical relationship that represents limited resources or minimum levels of activity in a mathematical programming model
continuous distribution
a probability distribution in which the random variables can equal an infinite number of values within an interval
continuous random variable
a variable that can take on an infinite number of values within some interval
convex curve
a curve shaped like an upright bowl
correlation
a measure of the strength of the causal relationship between the independent and dependent variables in a linear regression equation
critical path
the longest path through a CPM/PERT network; it indicates the minimum time in which a project can be completed
critical path method (CPM)
a network technique that uses deterministic activity times for project planning and scheduling
cumulative error
a sum of the forecast errors
cumulative probability distribution
a probability distribution in which the probability of an event is added to the sum of the probabilities of the previously listed events