Examlex
Matching: The letter of the correct definition is given in the space provided.
-Heaven
Queuing System
A mathematical model used to analyze the behavior of queues formed by items or people awaiting service and to design efficient service mechanisms.
FIFO
An inventory valuation method where the first items produced or acquired are the first ones sold or used, standing for First-In, First-Out.
LIFO
"Last In, First Out," an inventory valuation method where the costs of the newest products are the first to be expensed.
Queue Disciplines
The rules or policies that determine the order in which entities (like people or data packets) are served in waiting line systems.
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