Information AboutShrinkage |
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STATISTICS In Statistics , shrinkage is a general technique to improve an Estimator , and to regularize ill-posed inference problems. Shrinkage is implicit in Bayesian Inference and penalized likelihood inference, and explicit in James-Stein -type inference. In contrast, Maximum-likelihood and Least-squares Estimation procedures do NOT include shrinkage effects. RETAILING In Retailing , shrinkage (sometimes truncated to '''shrink''') is the loss rate of Products between point of Manufacture and point of sale. Sometimes shrinkage may be as high as 15% to 20% of total volume, having a major negative impact on Profit s. The average shrink percentage in the retail industry is about 2% of sales. Shrinkage is often considered a Cost of doing business in retail. Shrinkage is for a large part due to Theft or some other Crime , and the prevention of this type of shrinkage is one reason for Security Guard s and cameras. Also, some shrinkage is due to damage in transit, shipping errors, or misplaced goods. The four major sources of inventory shrinkage in the retail industry are: #Employee theft # Shoplifting #Administrative errors #Vendor Fraud The National Retail Security Survey is published annually as part of the '''Security Research Project''' at the University Of Florida . The Security Research Project endeavors to study various elements of workplace related crime and deviance with a special emphasis on the retail industry. SLANG "Shrinkage" is also a Slang term for a real or imagined decrease in Penis Size due to cold temperatures, especially Swim ming in cool water. The term was largely popularized by the 1994 episode "The Hamptons" of the NBC Sitcom '' Seinfeld ''. SEE ALSO |
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