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Many phenomena in data science involve waiting until a particular event occurs. For example, ordered merchandise does not arrive immediately. Usually, it takes some time for transportation companies to deliver items from vendors to firms. Because of random lags in order arrivals, zero inventories can obtain along with their accompanying costs. T…

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orlmlds/A-Scalable-Empirical-Model-of-Waiting-Times

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Many phenomena in data science involve waiting until a particular event occurs. For example, ordered merchandise does not arrive immediately. Usually, it takes some time for transportation companies to deliver items from vendors to firms. Because of random lags in order arrivals, zero inventories can obtain along with their accompanying costs. T…

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