The document discusses different types of schedulers and scheduling policies. It describes three types of schedulers: long-term schedulers that determine which jobs are admitted to the system, medium-term schedulers that determine which processes get memory when there is competition, and short-term schedulers that determine which process in memory runs next. It also defines scheduling performance metrics like turnaround time, waiting time, and response ratio. Finally, it explains scheduling policies like first-come first-served, shortest job first, shortest remaining time first, highest response ratio next, and round robin scheduling.