Queuing problems, Managerial Accounting

Queuing problems

There are two main approaches to queuing problems:

•    simulation
•    queuing theory formula

Where 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.

Posted Date: 12/6/2012 7:21:10 AM | Location : United States

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