BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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classical
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quantitative
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bureaucratic organization
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modern
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Detailed explanation-1: -Queuing theory examines every component of waiting in line, 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, or anything else.
Detailed explanation-2: -It is useful in areas of planning and control where data is available in quantitative terms. Decisions are based on data and logic rather than intuition and judgment.
Detailed explanation-3: -How is queueing theory useful for simulation? Queueing theory is concerned with the study of queues (or waiting lines), and everything related to them. Through features such as arrival frequency, service times, and queue capacity, queueing theory enables the careful analysis and optimization of waiting lines.
Detailed explanation-4: -The queuing theory uses a simple basic model to describe operation of systems. It consists of the so-called service station which has one or more parallel operating similar machines or operators, and a waiting room. The clients arrive at individual random times at the service station.