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







Related Discussions:- Queuing problems, Assignment Help, Ask Question on Queuing problems, Get Answer, Expert's Help, Queuing problems Discussions

Write discussion on Queuing problems
Your posts are moderated
Related Questions
What is behind the wave of mergers in the banking industry? A: Several economic factors have caused banking institutions to merge over the past several years. These factors inc

Acceptance and Allocation of Resources Managers, subsequent a review and analysis of all decision packages, will establish the level of resources to be assigned to each decisi

M/s ABC is seeing relaxing its collection efforts. At current its sales are as Rs.40 lakhs, the ACP is here 20 days and variable cost to sales ratio is .8 and bad debts are as .05

Inappropriate standards (or targets): This is a problem arising from deficiencies in planning. If not enough time and resources are devoted to setting accurate standards in th

Recommend whether marginal or absorption costing should be use for internal monthly reporting

Gardner Manufacturing Company produces a product that sells for $120. A selling commission of 10% of the selling price is paid on each unit sold. Variable manufacturing costs are $

The Baumol Model in 1952 considers cash management complication as same to inventory management problem. For itself the firm attempts to minimize the total cost that is the sum of

Human behavior and budgetary control An important feature of control in business is that control is exercised by managers over people. Their attitudes and response to budgetary

Identification of decision packages - Zero base budgeting Each manager should break down his decision unit into smaller decision packages. Top manager may lay down the minimum

I need an example on how to solve a single and two product bundle