Queuing Theory


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Queuing Theory

The use of quantitative measures to balance supply and demand for services in order to minimize wait times. Queuing theory is most beneficial in retail establishments; for example, one may use it to determine how many cashiers to have at the grocery store. It is also called waiting line theory.
References in periodicals archive ?
A queuing theory approach is used to model insurance business problems.
2]L which is a domain specific modelling language based on queuing theory.
The other side of the equation comes from the supply, or process of arrivals, and relates to how the oil industry can be explained using the Queuing Theory.
Chapter 10 deals with the Queuing theory to determine the service level which minimizes the relevant cost.
The interaction between machines in most sets of earthmoving machinery consisting of excavators and haulers (trucks), found on construction sites, can be analysed from a systemic perspective, using the queuing theory [1-3].
In order to capitalize on the virtues of known queuing theory, one-call systems would need to accept varying lead times for work, callers into one-call would need to provide more lead time, and locating companies would have to increase their sophistication level of planning and organizing work.
The queuing theory (Waldinger 1996), for example, argues that ethnic minorities are situated in a labour queue based on the immigration history of their group.
In 2000, one magazine editor used a form of maths called queuing theory to prove a mathematical rule: The Law of Inconvenience
A branch of queuing theory known as factory physics is introduced, and its agreement with lean philosophy is demonstrated.
The well-developed theory of interruption processes involves particle cluster arrival at the sensor described using a Poisson distribution--as used in queuing theory.
Examples are probability theory, game theory, information theory, chaos theory, queuing theory, catastrophe theory.
Unbounded queues allow the application of some tools from queuing theory (see [Harcol-Balter and Black 1994; Harcol-Balter and Wolf 1995]) and help reduce the correlation between events in the system, thus simplifying the analysis at the cost of a less realistic model.