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This paper suggests new queuing models, in the Markovian framework, which can tackle the presence of burstiness in the traffic and autocorrelations among the inter-arrival times of packets in the performance evaluation of next generation networks. These models are essentially based on certain generalizations of the Quasi Birth-Death (QBD) processes. Efficient steady state solution of these new queuing models, along with some illustrative applications, is presented. The proposed models and their further evolutions have the potential to be useful tools for the performance evaluation of modern telecommunication networks.