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Financial Terms | |
Random-location storage |
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Definition of Random-location storageRandom-location storageThe technique of storing incoming inventory in any
Related Terms:allocationthe systematic assignment of an amount to a recipient AllocationThe process of storing costs in one account and shifting them to other Allocation base A measure of activity or volume such as labourhours, machine hours or volume of production approximated net realizable value at split-off allocationa method of allocating joint cost to joint products using a Asset allocation decisionThe decision regarding how an institution's funds should be distributed among the Automated storage/retrieval systemA racking system using automated systems Capital allocationdecision Allocation of invested funds between risk-free assets versus the risky portfolio. ![]() Continuous random variableA random value that can take any fractional value within specified ranges, as cost allocationthe assignment, using some reasonable basis, Discrete random variableA random variable that can take only a certain specified set of discrete possible Dynamic asset allocationAn asset allocation strategy in which the asset mix is mechanistically shifted in Fixed-location storageAn inventory storage technique under which permanent net realizable value at split-off allocationa method of allocating joint cost to joint products that uses, as the proration base, sales value at split-off minus all costs necessary Normal random variableA random variable that has a normal probability distribution. Overhead allocationThe process of spreading production overhead equitably over the volume of production of goods or services. physical measurement allocationa method of allocating a joint cost to products that uses a common physical characteristic as the proration base Point-of-use storageThe storage of stock in a location in or near the shop floor Policy asset allocationA long-term asset allocation method, in which the investor seeks to assess an Primary locationA storage location labeled as the primary location for a specific Random variableA function that assigns a real number to each and every possible outcome of a random experiment. Random walkTheory that stock price changes from day to day are at random; the changes are independent random walk theorySecurity prices change randomly, with no predictable trends or patterns. Randomized strategyA strategy of introducing into the decision-making process a random element that is sales value at split-off allocationa method of assigning joint cost to joint products that uses the relative sales values of the products at the split-off point as the proration basis; use of this method requires that all joint products Tactical Asset Allocation (TAA)An asset allocation strategy that allows active departures from the normal Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |