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Queuing problems
There are two main approaches to queuing problems:
• simulation• queuing theory formulaWhere simple situations apply, queuing theory should be used in preference to simulation. This is because; it is quicker to use and therefore cheaper than the results obtained are more definite as they do not depend on the selection of random numbers.
In complex situations a solution can only be found through simulation.
RELEVANT COSTS FOR NON-ROUTINE DECISIONS A relevant cost is a cost that is appropriate to a specific management decision. To be relevant, a cost should be: 1) Future cost
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