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Buffer busy waits

This wait indicates that there are some buffers in the buffer cache that multiple processes are attempting to access concurrently. Query V$WAITSTAT for the wait statistics for each class of buffer. Common buffer classes that have buffer busy waits include data block, segment header[1], undo header, and undo block.
Check the following V$SESSION_WAIT parameter columns:
  1. P1: File ID
  2. P2: Block ID
  3. P3: Class ID

Causes

To determine the possible causes, first query V$SESSION to identify the value of ROW_WAIT_OBJ# when the session waits for buffer busy waits. For example:
SELECT row_wait_obj#
FROM V$SESSION
WHERE EVENT = 'buffer busy waits';

To identify the object and object type contended for, query DBA_OBJECTS using the value for ROW_WAIT_OBJ# that is returned from V$SESSION. For example:
SELECT owner, object_name, subobject_name, object_type
FROM DBA_OBJECTS
WHERE data_object_id = &row_wait_obj;

Actions

The action required depends on the class of block contended for and the actual segment.
Automatic segment-space management in locally managed tablespaces eliminates the need to specify the PCTUSED, FREELISTS, and FREELIST GROUPS parameters. If possible, switch from manual space management to automatic segment-space management (ASSM).
The following information is relevant if you are unable to use ASSM (for example, because the tablespace uses dictionary space management). A free list is a list of free data blocks that usually includes blocks existing in several different extents within the segment. Free lists are composed of blocks in which free space has not yet reached PCTFREE or used space has shrunk below PCTUSED. Specify the number of process free lists with the FREELISTS parameter. The default value of FREELISTS is one. The maximum value depends on the data block size.
To find the current setting for free lists for that segment, run the following:
SELECT SEGMENT_NAME, FREELISTS
FROM DBA_SEGMENTS
WHERE SEGMENT_NAME = segment name
AND SEGMENT_TYPE = segment type;

Set free lists, or increase the number of free lists. If adding more free lists does not alleviate the problem, then use free list groups (even in single instance this can make a difference). If using Oracle RAC, then ensure that each instance has its own free list group(s).

Setting PCTUSED optimal performance in Oracle

Rows are deleted and the block goes onto the freelist

An insert task grabs the block and is only able to add 2 rows before the block again becomes full

Oracle must get another free block from the freelist. The result is a more efficient use of space.

[1] segment header: If the contention is on the segment header, then this is most likely free list contention.