Features of a queue, Managerial Accounting

Features of a queue

A calling population – refers to the number of potential customers. This number may be considered finite or infinite. An infinite calling population is normally assumed as it provides convenient simplification of the analysis. This is a reasonably accurate assumption provided that the rate of arrival of future customers is not affected by the number of customers already in the queue.

An arrival pattern – refer to the way in which customers arrive in a queue. They may arrive in large groups or as isolated individuals, may arrive at regular intervals or at irregular intervals, or randomly. A common arrival pattern is for customers to arrive at queues individually and in a random manner. When this occurs, the number of arrivals per unit of time generally follows a passion at probability distribution.

The servicing pattern – this may also vary with customers served individually one at a time or in ‘bulk’. When customers arrive randomly, it is usual for the service pattern also to be random. It is commonly assumed that the probability distribution of the time to be served is the same for all customers, and that this service time is independent of the time of day or the size of a queue (e.g. even if the queue is very long, the server will not speed up his service times in order to reduce its length.

Posted Date: 12/6/2012 7:24:38 AM | Location : United States







Related Discussions:- Features of a queue, Assignment Help, Ask Question on Features of a queue, Get Answer, Expert's Help, Features of a queue Discussions

Write discussion on Features of a queue
Your posts are moderated
Related Questions
Going rate or follow the crowd pricing:- In this method the firm price its products at the similar level as that of the competition. This method supposes that there will be no

Management Accounting An accounting discipline concerned with the use of financial information. It used to relevant information by managers and other decision makers inside a s

Explain Functional classification a)  Liquidity ratio: these are the ratio which measures the short term solvency or financial position of a firm. These ratios are calculati

How to write introduction on strategy plan

Transition probabilities These are the probabilities of moving from one state to another in the next time period. Usually they are written in the form of a probability matrix.

Please help me with these problems Merry -Go -Around (MGR) a clothing retailer located primarily in shopping malls, was founded in 1968. By the early 1990s, the company had gon

CHOOSING ORDER QUANTITY (SIZE—PROBLEM) The objective of inventory decisions is usually to minimize total inventory costs to the company. Costs are ascribed to all elements whic

Classification of ratio according to significance   The ratios have also been classified according to their significance. Some ratios are more important than other and the fir

INTERPRETING THE SIMPLEX TABLEAU We can now see that our attention must be directed to reading, interpreting and analyzing the (simplex) results. It is erroneous, however, to a

Advantages of Transfer Pricing (a) Transfer pricing is similar to cost apportionment and allocation in that values of one department are passed to another. For cost apportionme