What are the key concepts of queueing theory?
Queueing theory studies the behavior of queues in systems. Key concepts include arrival rates, service rates, and queue discipline.
Can you explain what arrival rates mean?
Arrival rates refer to the frequency at which customers or items arrive at a service point, typically measured per time unit.
What is the significance of service rates?
Service rates indicate how quickly a service provider can serve customers, impacting wait times and system efficiency.
What are some common queue disciplines?
Common queue disciplines include First-Come-First-Served (FCFS), Last-Come-First-Served (LCFS), and priority-based servicing.
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