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Quantitative Analysis for Management, 13/e
book

Quantitative Analysis for Management, 13/e

by Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Hale
January 2017
Beginner to intermediate
280 pages
217h 11m
English
Pearson
Content preview from Quantitative Analysis for Management, 13/e

2.9 The Exponential Distribution

The exponential distribution, also called the negative exponential distribution, is used in dealing with queuing problems. The exponential distribution often describes the time required to service a customer. The exponential distribution is a continuous distribution. Its probability function is given by

f(X)=μeμx (2-14)

where

  • X=random variable (service times)

  • μ=average number of units the service facility can handle in a specific period of time

  • e=2.718 (the base of the natural logarithm)

The general shape of the exponential distribution is shown in Figure 2.16. Its expected value and variance can be shown to be

Expected value=1μ=Average service time (2-15)
Variance=1μ2 (2-16)

As with any other continuous ...

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Publisher Resources

ISBN: 9780134543161