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These models have been developed to establish a trade off between costs of providing and the waiting time of a customer in the queuing system. Constructing a model entails describing the components of the system arrival process queue structure and service process and solving for the measure of performance average length of waiting time average time spent by the customer in the line traffic intensity etc of the waiting systems.
Competitive Models: These models are used to characterize the behaviour of two or more opponents ( called players) who compete for the achievement of conflicting goals. These models are classified according to several factors such as number of competitors sum of loss and gain and type of strategy which would yield him the best or the worst out comes.
Question 1 X Ltd. has Unit C which is not functioning satisfactorily. The following are the details of its fixed assets: Asset Date of acquisiti
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
What are the features of Operations Research?
Consider a queueing system with 1 counter, to which groups of customers arrive according to a Poisson proces with intensity l. The size of a group is 1 with probability p and 2 wit
Define the role of the RBI in informing FEMA?
QUESTION Discuss the major sources of stress and job burnout and outline the strategies for managing stress. QUESTION How can you use the „Johari Window Model? as a
General Rules a. Attractive Shapes The tables should be neat and attractive. The size of table should be neither too big nor small. b. Simplicity A table should b
QUESTION a) "Organizations have to change only because changes in their external environments force them to change." Discuss b) What restraining forces may block the impleme
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