Mathematical Probability Theory
Queueing theory is the mathematical study of waiting lines, or queues, and focuses on understanding the behavior of these systems in order to optimize performance and efficiency. It analyzes the flow of entities through a service mechanism, considering factors such as arrival rates, service times, and queue discipline. This theory connects to important concepts like Markov chains and Poisson processes, which help model the random nature of arrivals and service times in various real-world situations.
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