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Monte Carlo simulations applied to queuing problems have what advantage?
Eliminate
To completely remove or get rid of something, often used in the context of removing inefficiencies or redundancies in a system.
Base Pay
The initial rate of compensation that an employee receives, not including bonuses, benefits, or other forms of additional compensation.
Merit Pay Plans
Compensation strategies that reward employees based on their performance, often aimed at boosting motivation and job performance.
Paying For Performance
A compensation strategy that rewards employees based on their job performance, often with bonuses or other incentives.
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