Mathematical Modelling and Optimization of an Economic Process using a Queuing Model

Abstract:

The paper presents general concepts from the queuing theory. Notations, hypotheses, and general relations for M (m, 1, s) mathematical model are given. Based on the settled mathematical model, the behaviour of some equipment with low failure rates is analysed in order to improve the dynamic process on the economic flow of a company. Based on the results of the models, the final conclusions are exemplified.

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