Dictionary of Accounting Terms: queuing theory (waiting line theory)
queuing theory (waiting line theory)
quantitative technique for balancing services available with services required. It evaluates the ability of service facilities to handle capacity and load at different times during the day. It is useful in problems of balancing cost and service level, such as determining the number of toll booths on a highway and the number of tellers in a bank.
Dictionary of Business Terms: queuing theory (waiting line theory)
queuing theory (waiting line theory)
quantitative technique for balancing services available with services required. It evaluates the ability of service facilities to handle capacity and load at different times during the day. It is useful in problems of balancing cost and service level, such as determining the number of toll booths on a highway and the number of tellers in a bank.
