Queuing Theory

Queuing Theory
A mathematical method of analyzing the congestions and delays of waiting in line. Queuing theory examines every component of waiting in line to be served, including the arrival process, service process, number of servers, number of system places and the number of "customers" (which might be people, data packets, cars, etc.). Real-life applications of queuing theory include providing faster customer service, improving traffic flow, shipping orders efficiently from a warehouse and designing telecommunications systems such as call centers.

Queuing theory is used to develop more efficient queuing systems that reduce customer wait times and increase the number of customers that can be served. For example, a 2003 paper by Stanford School of Business professor Lawrence Wein used queuing theory to analyze the potential effects of a bioterrorism attack on U.S. soil and propose a system to reduce wait times for medications that would decrease the number of deaths caused by such an attack.


Investment dictionary. . 2012.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • queuing theory — ➔ theory * * * queuing theory UK US noun [U] ► COMMERCE, TRANSPORT, COMMUNICATIONS, IT the study of how people or things wait in line or wait to be served and how to deal with them in order to provide the best service …   Financial and business terms

  • queuing theory — a theory that deals with providing a service on a waiting line, or queue, esp. when the demand for it is irregular and describable by probability distributions, as processing phone calls arriving at a telephone exchange or collecting highway… …   Universalium

  • queuing theory — eilių teorija statusas T sritis automatika atitikmenys: angl. queuing theory vok. Bedienungstheorie, f; Warteschlangentheorie, f rus. теория очередей, f pranc. théorie des files d attente, f …   Automatikos terminų žodynas

  • queuing theory — theory that deals with studying the formation of lines and shortening and guiding them …   English contemporary dictionary

  • queuing theory — noun : the mathematical and statistical theory of queues and waiting lines (as in heavy traffic or in the use of telephone circuits) * * * a theory that deals with providing a service on a waiting line, or queue, esp. when the demand for it is… …   Useful english dictionary

  • queuing theory — An approach to simulating the way that work arrives in a system (e. g. the rate at which components queue to be processed by a machine) or customers require service, enabling the most effective process for handling these inputs to be designed and …   Big dictionary of business and management

  • theory — theo‧ry [ˈθɪəri ǁ ˈθiːəri] noun theories PLURALFORM 1. [countable] an idea or set of ideas that is intended to explain why something happens or how it works: theory of • The book is called An Evolutionary Theory of Economic Change . • The theory… …   Financial and business terms

  • theory — /thee euh ree, thear ee/, n., pl. theories. 1. a coherent group of general propositions used as principles of explanation for a class of phenomena: Einstein s theory of relativity. 2. a proposed explanation whose status is still conjectural, in… …   Universalium

  • switching theory — Theory of circuits made up of ideal digital devices, including their structure, behaviour, and design. It incorporates Boolean logic (see Boolean algebra), a basic component of modern digital switching systems. Switching is essential to telephone …   Universalium

  • probability theory — Math., Statistics. the theory of analyzing and making statements concerning the probability of the occurrence of uncertain events. Cf. probability (def. 4). [1830 40] * * * Branch of mathematics that deals with analysis of random events.… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”