Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 22 Queuing - Why Waiting Lines Work or Fail
- November 1, 2023
- 30 min
Extend your use of Markov analysis to waiting lines, or queues. Discover how a random arrival process is analogous to the sound of popcorn popping. Then probe the dramatic decrease in waiting times that can result from relatively minor adjustments in workforce or equipment.