Little's Law is a formula that describes the relationship between the average number of items in a queuing system, the average arrival rate of items, and the average time an item spends in the system. It is represented as L = λW, where L is the average number of items in the system, λ is the average arrival rate, and W is the average time an item spends in the system. This law helps organizations understand flow and efficiency within their processes, making it particularly relevant for metrics and continuous improvement initiatives.
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