Which of the Following Is Not Generally Considered as a Measure

question 55

Multiple Choice

Which of the following is not generally considered as a measure of system performance in queuing analysis?

• A)The average number waiting in line
• B)The average number in the system
• C)Server utilization
• D)The probability that an arriving customer will have to wait for service
• E)The average service time

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Definitions:

Implicit Costs

The opportunity costs of using resources owned by the firm for its own production instead of earning revenue from these resources elsewhere.

Explicit Costs

These are the direct, out-of-pocket payments made by businesses for operational expenses like wages, rent, and materials.

Monetary Outlay

The amount of money spent on a particular transaction or investment.

Implicit Costs

The opportunity costs that arise when a company uses internal resources without a direct payment.