The Process of Assessing a Company's Ability to Produce Enough

question 39

True/False

The process of assessing a company's ability to produce enough output to satisfy market demand is called capacity planning.

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Definitions:

Arrival Rate

A term often used in queueing theory to describe the average rate at which entities (like people or messages) arrive at a service facility within a specified period.

Arrival Rate

A term often used in queueing theory that describes the average number of entities (such as customers, calls, etc.) arriving per unit of time.

Servicing Rate

The rate at which a service provider can successfully deliver a service to customers.

Arrival Rate

In queueing theory, the average rate at which entities arrive into a system or process, typically measured per unit time.