Examlex
In queuing problems,arrival rates are generally described by the normal probability distribution.
Demand
Demand is the quantity of a product or service that consumers are willing and able to purchase at various prices during a given period.
Resource
An economic or productive factor required to accomplish an activity, or to provide a benefit to the economy, such as raw materials, labor, and capital.
High Demand
A situation in which the desire for a product or service exceeds the available supply, often leading to higher prices.
Low Demand
A situation where the desire or need for a particular product or service is less than the supply available.
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