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What is Decision Science MBA Notes: Queuing Theory about?
This document contains notes from a class on Decision Science. It discusses several key concepts: 1) Queuing theory deals with analyzing queues and optimizing service functions given random arrival and service times. Common queuing situations include customers waiting to be served at banks or parts waiting to be processed. 2) Game theory analyzes interactions between competing entities. Key concepts include players, strategies, payoffs, and zero-sum vs. non-zero-sum games. 3) Decision theory is about s
- Author
- Jayasri Murali
- Language
- EN