ACCURATE EXAM QUESTIONS
WITH COMPLETE CORRECT
ANSWERS GUARANTEED PASS
ALREADY GRADED A+ LATEST
VERSION
"Customers cost for waiting lines - CORRECT ANSWER=>Time"
"Company cost for waiting line - CORRECT ANSWER=>Money paid to maintain the line
(employees)"
"Waiting line Input Source - CORRECT ANSWER=>The population of people that might want
service"
"Waiting Line - CORRECT ANSWER=>The area in which customers wait for service"
"Waiting line Service Facility - CORRECT ANSWER=>The area in which customers actually receive
service"
"Infinite population of customers - CORRECT ANSWER=>The number of possible customers that
may come into the store is very high (or unlimited). When a customer enters the system, the
odds of another entering the system are not impacted in any significant manner."
"Finite Population of Customers - CORRECT ANSWER=>number of customers is limited"
, "Balking - CORRECT ANSWER=>When a potential customer sees the line, but never joins the line
because they think it looks too long and/or too slow."
"Reneging - CORRECT ANSWER=>When a customer joins the line, gets frustrated and leaves the
line"
"λ - CORRECT ANSWER=>Lambda"
"Lambda - CORRECT ANSWER=>Number of customers arriving/unit of time
ex. 15 customers per hour"
"μ - CORRECT ANSWER=>Mu"
"Mu - CORRECT ANSWER=>Number of customers helped/unit of time
ex. 24 customers per hour"
"ρ - CORRECT ANSWER=>Rho"
"ρ=λ/μ - CORRECT ANSWER=>Percentage of time worker is busy"
"n1=ρ[λ/(μ-λ)] - CORRECT ANSWER=>Average number of customers in the line"
"t l =ρ[1/(μ-λ) - CORRECT ANSWER=>Average amount of time a customer waits in the line"
"n s =λ/(μ-λ) - CORRECT ANSWER=>Average number of customers in the system"
"ρn=(1-ρ)ρ^n - CORRECT ANSWER=>Probability there are n customers in the system"
"Order size required=(Actual Demand)/(Proportion of Acceptable Product per Order) - CORRECT
ANSWER=>Shrinkage Calculation. Must be performed at every stage of the supply chain in
upstream direction (customer back to manufacturer)"
"Consumer demands 300 units. Retail store allows 2% theft shrinkage - CORRECT
ANSWER=>300/(1-.002)=300/.98=306.12 or 300/(100%-2%)=300/98%, always round up, in this
case 307"
"Inventory future= inventory present[(√warehouse future)/(√warehouse present)] - CORRECT
ANSWER=>Square Root Rule"