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What are the economic costs of waiting lines

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Reference no: EM132583210 , Length: 500 Words

Question 1 - 250 word count

What are the economic costs of waiting lines? How might these costs be measured? What decision criteria can be used to justify expanding services to reduce waiting times?

Question 2 - 250 word count

Describe a waiting line situation that you regularly face in your daily life. Explain how you would improve the structure of that system by applying waiting line analysis.

Reference no: EM132583210

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