Simulation where ranges of values for variables are used.

1. A rapid and steep decline in price of shares created by a selling panic. Triggered by investor’s losing confidence after a unexpected situation arose. 1929 US market crash destroyed more than

Ratio of sales to inventory as a percentage or in numbers of weeks or days. Includes safety stock, work in process, seasonal stock and pipeline stock.

Items of inventory that have been ordered but have not yet been shipped.

Position of an item of inventory based on relationship between demand and needs, quantity on hand and orders that are outstanding.

Arrangement where the supplier holds items ordered in its own warehouse to release them when required by a customer.

Situation where demand or requirement of an item can’t be filled from current inventory.

The exposure to loss that arises from running out of one or more items of inventory.

A process for disaster mitigation where essential items are procured and stocked before the disaster.

Verification of number of items in an inventory to accurately value and audit the stock.

Goods that are acquired by theft, larceny or robbery. No legal right to the goods.

The delaying tactics used to refuse to co-operate or answer questions.

Stop order variation where the broker has been told to buy a security or commodity at a certain price level.

Short term policy that keeps a balance between 2 objectives that appear to be in contradiction with each other.

The term for the clause that stops the losses of the insurer at a set point.

Notification from account holder to the bank to stop a check being drawn on.

The price where a stop order generates the market order and the stop limit order generates the limit order.

Formal notice making a contractor stop working. If not started again contract is considered terminated.

Temporary or unplanned measures used to fix a problem that is unexpected.

Reinsurance taken out by a health plan or a plan funded by the employer.