Queuing Models Make Certain Specific Assumptions

question 44

Multiple Choice

Queuing models make certain specific assumptions.Which of the following choices are reasonable assumptions under certain circumstances?

• A)The source of arrivals is large enough to be considered infinite.
• B)There are unlimited accommodations for a waiting line.
• C)Customers line up to receive service which is granted on a FIFO basis.
• D)The analysis and equations that follow apply to single service channels.
• E)all of the above

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Definitions:

Inferior Good

A type of good for which demand decreases as the income of consumers increases, and vice versa.

Complementary Goods

Products or services that are typically consumed together, where the increase in demand for one leads to an increase in demand for the other.

Substitute Goods

Products or services that can be used in place of each other, where the increase in the price of one leads to an increase in demand for the other.

Independent Goods

Products whose demand is not influenced by the price or availability of other goods.