(Answered) Question 1 discuss how one could determine the economic

Management Studies

Question: 1. Discuss how one could determine the economic cost of keeping customers waiting.

2. For a queuing system with a finite queue, the arrival rate can exceed the capacity to serve. Use an example to explain how this is feasible.

3. What are some disadvantages associated with the concept of pooling resources? Please list at least five objectives of pooling.

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