1) What is the waiting line problem? What are the components in a waiting line system?

2) Provide examples of four situations in which there is a limited, or finite, population.

 

a) Waiting line problem

Waiting line problem are centered on the question of the finding the ideal level of services that a firm should provide.

Components of a waiting line system

1. the arrival to the system
2. the waiting time itself
3. the service facility

b) The four situation in which there is limited, or finite population

1. the queue of the passengers for one flight is limited
2. the queue of audiences for one game is finite
3. if there are 20 machines in a factory in total, the queue for broken machines is limited
4. a clinic with certain number of chairs for waiting patients