Queuing Theory(redirected from Waiting Line Theory)
Also found in: Dictionary, Medical, Encyclopedia.
Related to Waiting Line Theory: 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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved