ADM 3301 Lecture Notes - Lecture 11: Exponential Distribution, Takers, Standard Deviation

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> the objective is often to determine the necessary number of servers to meet some type of performance target. > the objective will need to take into account the cost of servers, the cost of waiting time, number of hours of service time available > the objective of the model will be dependent on the scenario. Bank manager: how many tellers to ensure that at most 10% of customers wait more than 5 mins. In deciding the best level of service in a queuing system, managers have to deal with two types of costs: Cost of providing the service, also known as service cost. Cost of not providing the service, or waiting cost. > there are five components to a queuing model: 1: variation in demand per time period, average time to serve each patient, variation in the average time to serve, number of servers (capacity)

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