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Four of the most widely used waiting line models-M/M/1 or A, M/M/S or B, M/D/1 or C, and Finite population or D-all share three characteristics: Poisson arrivals, FIFO discipline, and exponential service times.
Option Pricing Theory
A framework used in finance to determine the fair value of an option based on factors such as the stock price, strike price, volatility, time to expiration, and risk-free interest rate.
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Companies that focus on growth through acquisitions, buying other companies to increase their market share, diversify their products, or gain other strategic advantages.
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