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Consider a single-line, single-server waiting line system. Suppose that customers arrive according to a Poisson distribution at an average rate of 60 per hour, and the average (exponentially distributed) service time is 45 seconds per customer. What is the average utilization of the system?
Equivalent Units
A concept in cost accounting used to allocate costs to partially completed units of product, making them comparable to fully completed units.
First Processing Department
The initial stage in a manufacturing process where raw materials start their transformation into final products.
Equivalent Unit
A measure used in cost accounting to express the amount of work done on partially completed goods in terms of fully completed units.
Materials
Raw inputs or supplies used in the manufacturing process to produce goods or services.
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