The "k"-means clustering method, while widely embraced in college student typology research, is often misunderstood and misapplied. Many researchers regard "k"-means as a near-universal solution for uncovering homogeneous student groups, believing its success hinges primarily on the selection of an appropriate "k."…

ABC analysis is a well-established categorization technique based on the Pareto Principle for determining which items should get priority in the management of a company's inventory. In discussing this topic, today's operations management and supply chain textbooks focus on dollar volume as the sole criterion for performing the categorization. The…