Which of the following descriptions about waiting line models is BEST?
A)They account for major events such as competitor actions.
B)They account for the random,independent behavior of many customers.
C)They assume that each branch can give the highest expected payoff.
D)They deal with the certainty and stability in demand.

Question

Quizplus · Accepted Answer

Waiting line models are based on the assumption that customers arrive randomly and independently, and therefore their behavior cannot be accurately predicted. These models take into account variables such as queue length, waiting times, and service rates to help organizations optimize their resources and improve customer satisfaction. They do not account for major events like competitor actions or assume that each branch can give the highest expected payoff, and they deal with uncertainty and variability in demand rather than certainty and stability.

Which of the Following Descriptions About Waiting Line Models Is