Queuing Is a System of Nonprice Rationing

question 134

True/False

Queuing is a system of nonprice rationing.

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Definitions:

Johnson's Rule

A scheduling rule used for minimizing job lateness and optimizing job sequencing in a manufacturing process.

Makespan

The total time required to complete a group of jobs on a production schedule, from start to finish.

FCFS

First Come, First Served, a principle or method used in various contexts where services or resources are provided to the first requestor in the order they are received.

EDD

Expected due date, commonly used in project management and logistics to plan and prioritize tasks based on their deadlines.