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What is Queueing Theory?
It is actually the mathematical study of queues or waiting lines. This theory helps in the mathematical analysis of various associated procedures, which include arriving at the queue, waiting in the queue and getting services at the front of the queue from the server. It is usually used for a branch of operations research due to the fact that the results are used often while making various business decisions about different resources which are necessary for offering services.
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Why is it important?
The Queueing Theory can be applied in various situations which can arise in engineering, public service, healthcare, industry, commerce and business. You can frequently come across these implementations in various telecommunications, transport and other customer service situations.
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