Queuing Theory

Queuing theory refers to the study comprising a queue's features, functions, and imperfections. This mathematical study is very relevant in operations research since its appropriate application helps in eliminating operational bottlenecks and service failures.

The concept was introduced by Danish mathematician Agner Krarup Erlang. Generally, a queue is associated with limited resource delivery, and modeling such processes requires queuing theory. Its application enables the managers to explore the optimal supply of finite resources necessary to meet consumer demands in various instances.

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