Examlex
Priority :Average Arrival Rate (exponential interarrival times)
High : 3 per hour
Low : 5 per hour
Number of servers: 5
Service rate: 2 per hour (exponential service times)
-What is the system utilization factor?
Mutually Exclusive
Situations, events, or decisions that cannot occur or be undertaken simultaneously—if one happens, the other cannot.
Projects
Initiatives or plans undertaken to achieve specific objectives, which can be either short-term or long-term in nature.
Payback Period
The time required for the return on an investment to "pay back" the sum of the original investment, often used for capital budgeting.
Investment
Disbursing assets, particularly money, with the objective of obtaining income or profit.
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