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[Page 789 ( continued )]
calculus

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



cycle

movement up or down during a trend in a forecast






Introduction to Management Science
Introduction to Management Science (10th Edition)
ISBN: 0136064361
EAN: 2147483647
Year: 2006
Pages: 358

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