All Exams Test series for 1 year @ ₹349 only
Question

Queuing theory is associated with

The correct answer is

Waiting time

Understanding Queuing Theory and Waiting Time

Queuing theory is a branch of mathematics and operations research that studies waiting lines, also known as queues. It helps in analyzing processes where customers or items arrive, wait in a line if the service facility is busy, are served, and then depart.

What Queuing Theory Focuses On

The primary focus of Queuing theory is to model and analyze the characteristics of these waiting lines and the associated service systems. Key aspects studied include:

  • Waiting Time: How long customers or items spend waiting in the queue or in the system (waiting time + service time).
  • Queue Length: The number of customers or items in the waiting line at any given time.
  • System Utilization: How busy the service facility is.
  • Arrival Rate: The rate at which customers or items arrive.
  • Service Rate: The rate at which customers or items are served.

Association with Waiting Time

Out of the given options, Queuing theory is most directly and fundamentally associated with Waiting time. The core problems that Queuing theory attempts to solve often revolve around managing and optimizing waiting times to improve efficiency and customer satisfaction.

For instance, businesses use Queuing theory to determine the optimal number of service counters, staffing levels, or system capacity needed to keep waiting times within acceptable limits while also managing costs.

Why Other Options Are Less Direct

  • Sales: While waiting time can impact sales (e.g., long waits might deter customers), Queuing theory's direct subject is the waiting process itself, not the sales transaction.
  • Inspection time: This is a type of service time. Queuing theory uses service time as an input parameter, but its main output and area of analysis are the queue and waiting characteristics around that service.
  • Production time: Similar to inspection time, this is a type of service or processing time. Queuing theory can be applied to production lines, but it analyzes the waiting and flow between production stages, not the production task itself in isolation.

Therefore, the central concept that Queuing theory is associated with is the analysis and management of the time spent waiting.

Was this answer helpful?

Important Questions from Queueing Theory

  1. The probability of getting a total of 7 on two dice thrown together is:

  2. If moment generating function of continuous random variable X is \(\frac{λ}{λ-t}\)  t < λ, then E(X 3) equals to:

  3. If moment generating function of discrete random variable X is (q + pe t) n, then E(X 2) equal to

  4. If A and B are mutually exclusive events such that P(A) P(B) > 0, then which option is correct?

  5. Two random variables X and Y are said to be independent if:

Need Expert Advice?

Start Your Preparation with Prepp Mobile App

Download the app from Google Play & App Store
Download the app from Google Play & App Store
Prepp Mobile App