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Quantitative analysis-DQ

Quantitative analysis-DQ

Q Give 3 examples of a situation in which the waiting time cost would be based on waiting time in the system. Explain your answers. Examples include: when a computer or an automobile is taken into the shop to be repaired, the customer is without use of the item until the service is finished. (You may not use either of these as one of your examples.)

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The total costs of the waiting line include the costs of service, and costs of waiting. In general, the costs of waiting indicate the cost incurs from the loss of productivity or the loss of customers. An increase in the number of server would reduce the waiting line and the costs of waiting (Render, 2018). The following are the three situations that incur the waiting time costs based on the waiting time in the system: