Examlex
Utilitarianism is a moral theory that holds that we ought to promote utility and not pleasure.
Interarrival Time
The time interval between the arrivals of successive entities, such as customers or data packets, in a system.
Service Time
The amount of time taken to complete a task or service for a customer, often a crucial factor in service and production environments.
Monte Carlo Simulation
A mathematical technique used to estimate the possible outcomes of an uncertain event by simulating the process with random variables numerous times.
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