What does FCFS mean in General Business?

This page is about the meanings of the acronym/abbreviation/shorthand FCFS in the Business field in general and in the General Business terminology in particular.

First Come First Serve

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Definition

What does FCFS mean?

fcfs
Queueing theory is the mathematical study of waiting lines, or queues. A queueing model is constructed so that queue lengths and waiting time can be predicted. Queueing theory is generally considered a branch of operations research because the results are often used when making business decisions about the resources needed to provide a service. Queueing theory has its origins in research by Agner Krarup Erlang, who created models to describe the system of incoming calls at the Copenhagen Telephone Exchange Company. These ideas have since seen applications in telecommunication, traffic engineering, computing, project management, and particularly industrial engineering, where it is applied in the design of factories, shops, offices, and hospitals.

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"FCFS." Abbreviations.com. STANDS4 LLC, 2024. Web. 29 Mar. 2024. <https://www.abbreviations.com/term/138923>.

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