Intro to Probability
Queueing theory is a mathematical study of waiting lines or queues, which helps to analyze various phenomena related to resource allocation and customer service. It examines how entities wait in line for service, the impact of different service mechanisms, and the arrival patterns of those entities. This theory uses discrete random variables and often incorporates the Poisson distribution to model the random nature of arrivals and service times, providing insights into optimizing operations in various fields such as telecommunications, traffic management, and service industries.
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