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Why Has the Online Lending Market Developed in Recent Years

question 37

Essay

Why has the online lending market developed in recent years and what are the advantages and disadvantages of this development?


Definitions:

M/M/S System

A mathematical model used in queue theory representing a system with multiple servers where arrivals and service times follow a Poisson and exponential distribution respectively.

Single Queue

A method of organizing waiting lines that directs all customers to form one line that feeds into multiple service points.

Model A

A specific version or type of a product or system, often denoting its design or features.

M/M/1 System

A model in queue theory representing a system with a single server where arrivals follow a Poisson process and service times are exponentially distributed.

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