Queueing theory | Lec 10 | Economic analysis of waiting line | waiting line numerical in English |
Channel: Mechpro classes
Date: 2020-06-05

This session helps you to derive the minimum of total expected waiting cost, meaning of expected waiting cost/hour and expected service cost/hour. It will help you develop concept of Total expected system cost/hour. A numerical problem is also solved in relation to the above derived formulas to give you a clear concept on minimum cost service rate. 

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Link for other videos on Queueing models
1.  Introduction to Queueing theory- https://www.youtube.com/watch?v=CD84ARCYn8U
2. Queueing systems - https://youtu.be/eo7a-QTjnrM
3. Structure of all Queueing models in single page- https://www.youtube.com/watch?v=6hZmkC76SrI
4. Numericals on Model I and all formula list in single page-  https://youtu.be/OpfHlP3tlUg
5. Economic analysis of waiting lines- https://youtu.be/e7CBVSbcZjU

For full playlist of Queuing Theory click below at:
https://www.youtube.com/playlist?list=PLBUT1n4c7KU6DH-OIrR6-tSegid3QkZXK