Queuing problems, Managerial Accounting

Assignment Help:

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.


Related Discussions:- Queuing problems

What are the principles of management accounting, What are the Principles o...

What are the Principles of management accounting? 1. The procedures and methods to be followed for keeping and analyzing financial statements should have consistency. It enable

What are selling and distribution expenses, What are Selling and distributi...

What are Selling and distribution expenses? Selling and distribution expenses incurred for the marketing of a commodity, for securing orders for the articles, dispatching goods

Determining optimum cash balance, One of the main deities of the financial ...

One of the main deities of the financial manager is to keep a sound liquidity position for the firm hence the dues are settled as and while they mature. Separately from this the fi

Cost, Stellar Packaging Products and its primary customer, Estrella Coffee,...

Stellar Packaging Products and its primary customer, Estrella Coffee, are deciding on appropriate costing systems for their operations. Stellar Packaging Products’ manufacturing is

Make and buy, The Rohr Company’s old equipment for making subassemblies is ...

The Rohr Company’s old equipment for making subassemblies is worn out. The company is considering two courses of action: (a) Completely replacing the old equipment with new equipme

Describe the benefits of operating decisions - relevant cost, Relevant cost...

Relevant costs and benefits for operating decisions: In operating decisions, concentration is on best use of existing capacity. Incremental analysis based on differential cost

Strategic plan, How to write introduction on strategy plan

How to write introduction on strategy plan

What are the 7 feed from control to planning, 7 feed from control to planni...

7 feed from control to planning It is realized these days more than even before that management control is primarily a human activity which should focus on how to help individu

When to order-material control, When to order-Material control If deliv...

When to order-Material control If deliveries from suppliers normally take two weeks to arrive, then replenishment orders should be placed with them when the level of stocks rep

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd