Which of the cost estimates & performance measures are not used for economic analysis of a queuing system?
A. Cost per server per unit of time
B. Cost per unit of time for a customer waiting in the system
C. Average number of customers in the system
D. Average waiting time of customers in the system
Answer: Option D
Solution(By Examveda Team)
Average waiting time of customers in the system of the cost estimates & performance measures are not used for economic analysis of a queuing system. Queuing theory (or "queueing theory") examines every component of waiting in line to be served, including the arrival process, service process, number of servers, number of system places, and the number of customers—which might be people, data packets, cars, etc.This Question Belongs to Management >> Operations Research
A. Is possible when the variables value is known
B. Reduces the scope of judgement & intuition known with certainty in decision-making
C. Require the use of computer software
D. None of the above
A. Must be deterministic
B. Requires computer aid for its solution
C. Represents data in numerical form
D. All of the above
A physical model is example of.
A. An iconic model
B. An analogue model
C. A verbal model
D. A mathematical model
The qualitative approach to decision analysis relies on.
A. Experience
B. Judgement
C. Intuition
D. All of the above
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