queuing theory

queuing theory

noun
a theory that deals with providing a service on a waiting line, or queue, especially when the demand for it is irregular and describable by probability distributions, as processing phone calls arriving at a telephone exchange or collecting highway tolls from drivers at tollbooths.

Origin:
1950–55
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Queuing theory is always a great word to know.
So is flibbertigibbet. Does it mean:
a calculus or concretion found in the stomach or intestines of certain animals, esp. ruminants, formerly reputed to be an effective remedy for poison.
a chattering or flighty, light-headed person.
Collins
World English Dictionary
queuing theory
 
n
a mathematical approach to the rate at which components queue to be processed by a machine, instructions are accessed by a computer, orders need to be serviced, etc, to achieve the optimum flow

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