Which of the following statements will hold good in the case of a system with uncertainty in demand for service and in service times? a. When the utilization of resources fall it is an indication of greater efficiency of the service b. It is a good practice to plan for resource utilization levels more than 85% c. Cost of waiting to get serviced is directly proportional to the cost of providing the service d. None of the above
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A market is a place where the buyers and the sellers will interact with each other. In the course of the interaction, they would exchange the goods and services between them at a mutually agreed price level between them. Thus, the trade takes place in a...
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