A Queuing Model Which Follows the M/M/1 Assumptions Has λ

question 111

Multiple Choice

A queuing model which follows the M/M/1 assumptions has λ = 2 and μ = 8.The average number in the system Ls is ________ and the utilization of the system is ________.

• A)3;100%
• B)0.33;25%
• C)4;33%
• D)6;25%
• E)4;25%

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Definitions:

Vendor-Managed Inventory

A supply chain management practice where the supplier assumes responsibility for maintaining an inventory at the buyer's location, often optimizing stock levels and reducing costs.

Channel Practices

The strategies and methods businesses use to distribute their products or services through various marketing channels to the end customer.

Federal Legislation

Laws enacted by the national government that are applicable across the entire country, often governing matters of national interest.

Clayton Act

A U.S. antitrust law, enacted in 1914, aiming to promote fair competition and prevent unlawful monopolies or practices.