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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.
Discuss the dominant compensation philosophy, share value creation and the link between company size and executive pay. Solve Parmalat''s case, which may be found in reading No. 8.
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