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robbfitzsimmons
on Nov 1, 2014
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Little’s Law: An insight on the relation between l...
Amazing how broadly applicable Little's Law is. (I suppose that's why it's a big-L law.)
We were just recently using it in business school to look at cycle times in assembly line output.
bake
on Nov 2, 2014
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Very versatile -- It can also be applied to drug R&D organizations (one Dr. Jeffrey Low has proposed such an analysis)
graffitici
on Nov 2, 2014
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The reason for this broad applicability is because it holds for any queueing system. The beauty of the law is that it holds for any distribution of arrival, occupancy, and latency. Just multiplying the averages gets the job done!
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We were just recently using it in business school to look at cycle times in assembly line output.