This paper develops two distinct models for studying inventory systems with continuous production and perishable items. The perishable items have a deterministic usable life after which they must be ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Suzanne is a content marketer, writer, and ...

Performance analysis of queueing networks is one of the most challenging areas of queueing theory. Barring very specialized models such as product-form type queueing networks, there exist very few ...

Queueing theory is a mathematical study of waiting lines or queues used to model a wide array of practical systems such as call centres, manufacturing lines, computer networks and healthcare ...

The study of how systems with limited resources distribute those resources to elements waiting in line, and how those elements respond. Examples include data traversing computer networks, phone calls ...