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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.
What is Cost unit While the cost centres assists in ascertaining costs by location, person, equipment, operation or process, cost unit is a unit of product, service or a combin
WHAT IS PRIME COST?
areas where zero based budgeting can be effectively used?
ABC Analysis (Pareto Analysis) In ordinary parlance, ABC analysis can be best compared with our class society where the population is categorized into Top, Middle and Lower cla
1. In common, accounting period is the time period reflected by a series of financial statements. 2. In terms of taxation, it is twelve-month period a taxpayer uses to know
#que sri mookambikastion traders
analyse the methods of capital investment appraisal
What the traffic can bear pricing Pricing based on what the traffic can bear is not a sophisticated method. It is used by retail traders as well as by some manufacturing firms.
Yolande Tzar came to Northern Ireland from Poland five years ago to study at university. After graduating she worked as a sales manager for a local company and saved her wages to b
In this section we have discussed the motives for conducting cash balances. In addition, we have discussed cash deficit or surplus situation and how it can be contained by the use
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