The authors demonstrate that when the forecast. evolves. over time and demand volatility is high or stochastic, the. marginal. value of time is high and investment in lead-time reduc-. tion. is warranted.1 The de Treville et al.
For other uses, see Motto (disambiguation) . A motto (derived from the Latin muttum, 'mutter', by way of Italian motto, 'word', 'sentence') is a maxim, a phrase meant to formally summarize the general motivation or intention of an individual, family, social group or organization.hips and submarines in the Royal Navy each have a badge and motto, as do units of the Royal Air Force. Latin has been very common for mottos, but for nation states their official language is generally chosen.
The motto E Pluribus Unum (Latin for One from many) was approved for use on the Great Seal of the United States in 1782, but was never adopted as the national motto through legislative action. South Carolina has two official mottos, both of which are in Latin. Kentucky, North Dakota, and Vermont also have two mottos, one in Latin and the other in English. All other states and territories have only one motto, except Guam and the Northern Mariana Islands, which do not have any mottos.