New Ways to Do a Job with Less Effort and at Lower

question 169

Multiple Choice

New ways to do a job with less effort and at lower cost is the basic principle characterising the

• A) increases in productivity for the past two hundred years.
• B) great desire to be an entrepreneur.
• C) motivation for owning a business.
• D) American way of life.
• E) way small businesses fill the needs of other businesses.

Understand the basic characteristics and assumptions of different waiting line models (M/M/1, M/M/S, M/D/1, Limited Population).

Identify the assumptions not applicable to the M/M/1 model.

Calculate the average number of entities in the system under various waiting line models.

Compute service factors and utilization factors in finite and infinite population models.