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Explain product line pricing.
Service Rate
The rate at which a service provider can complete service, often used in operation management to analyze performance and efficiency.
Service Time Probabilities
The likelihood of various durations that a service might take, often used in queueing theory to predict waiting times.
Service Level
The complement of the probability of a stockout.
Cost Of Waiting
The potential loss incurred by delaying decisions or actions, often used in queueing theory and service management.
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