Examlex
Eliminating government oversight and laws concerning certain activities, resulting in less government intervention, is referred to as __________________.
Waiting-Line System
A model used to analyze the flow of customers, tasks, or items through a queue or waiting period, optimizing service efficiency.
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.
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