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1) One use of short-range forecasts is to determine: A) planning for new products. B) cash budgeting. C) research and develop
31) A(n) queuing system has one line and one server. 32) A(n) queuing system has one waiting line, but several servers; a(n)
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Answer #1

1) Forecasting is used to predict the future demand of goods or services. Short range forecasts cannot be used for product planning. Cash budgeting is also done for a long period. Research and development definitely happens over a long term horizon. Facility location again involves fixed expenditure and once invested it is difficult to move. Hence short-range forecasts can be used for job assignments i.e. production levels (E)

31) A single-server queing system has one line and one server

32) A multi-server queing system has one waiting line, but several servers: a multi-phase queing system is the one in which the customer receives services from several stations before exiting the system

33) The Poisson probability distribution is a continuous probability distribution often used to describe the service time in a queing system.

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