--%>

Explain Queuing theory

Queuing theory:

• Queuing theory deals with the analysis of lines where customers wait to receive a service:

– Waiting at Quiznos
– Waiting to check-in at an airport
– Kept on hold at a call center
– Streaming video over the net
– Requesting a web service

• A queue is formed when request for services outpace the ability of the server(s) to service them immediately

– Requests arrive faster than they can be processed (unstable queue)
– Requests do not arrive faster than they can be processed but their processing is delayed by some time (stable queue)

• Queues exist because infinite capacity is infinitely expensive and excessive capacity is excessively expensive Queuing Theory Hall of Fame: Erlang, Kendall, Little, Jackson, Buzen, Denning.

   Related Questions in Basic Statistics

  • Q : Networks of queues Networks of queues •

    Networks of queues • Typically, the flow of customers/request through a system may involve a number of different processing nodes.– IP packets through a computer network– Orders through a manufactur

  • Q : What is Forced Flow Law Forced Flow Law

    Forced Flow Law: • The forced flow law captures the relationship between the various components in the system. It states that the throughputs or flows, in all parts of a system must be proportional t

  • Q : Regression Analysis 1. A planning

    1. A planning official in the Texas Department of Community Affairs, which works in the office next to you, has a problem. He has been handed a data set from his boss that includes the costs involved in developing local land use plans for communities wi

  • Q : Safety and Liveness in Model Checking

    Safety and Liveness in Model Checking Approach; •? Safety: Nothing bad happens •? Liveness: Something good happens •? Model checking is especially good at verifying safety and liveness properties    –?Concurrency i

  • Q : State Littles Law Little’s Law : • L =

    Little’s Law: • L = λR = XR • Lq = λW = XW • Steady state system • Little’s Law holds as long as customers are not destroyed or&nbs

  • Q : Statics for each of the following

    for each of the following studies a and b decide whether to reject the null hypothesis that groiups come from identical populations. Use the .01 level. (c) Figure the effects size for each study. (d) ADVANCED TOPIC: Carry out an analysis of variance for study (a) using the strucurtal method.

  • Q : Point of estimate standing data se to

    standing data se to develop a point of estimate

  • Q : Define Utilization Law Utilization Law

    Utilization Law: • ρk = XK . SK = X . DK • Utilization of a resource is the fraction

  • Q : Develop the most appropriate regression

    Predicting Courier Costs The law firm of Adams, Babcock, and Connors is located in the Dallas-Fort metroplex.  Randall Adams is the senior and founding partner of the firm.  John Babcock has been a partne

  • Q : FIN512 Entrepreneurial Finance Chapter

      Chapter 6: Discussion Question: #4 p. 223  It is usually easier to forecast sales for a seasoned firm contrast to an early-stage venture because an early-stage venture has limited access to bank credit lines, sho