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What are the economic costs of waiting lines

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Reference no: EM132583423

Question 1: 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?

250 word count

Question 2: 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.

250 word count

Reference no: EM132583423

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