Examlex
Which of the following adjustment techniques would be preferred to account for additional project risk?
M/M/1
A basic model in queueing theory representing a system with a single server, where arrivals and service times are both exponential (Markovian), and there is a single queue.
Arrival Rate
In queuing theory, the average rate at which tasks, customers, or entities arrive at a service station or system.
Queuing System
The method by which queues of customers or items are managed by an entity, focusing on order service, wait times, and allocation of resources.
Utilization Rate
The percentage of capacity or capability that is being used effectively at a given time.
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