Calculate the average number in the queue

Assignment Help Finance Basics
Reference no: EM13300969

Sid Das Brick Distributors currently employs 1 worker whose job is to load bricks on outgoing company trucks. An average of 24 trucks per day, or 3 per hour, arrive at the loading platform, according to a Poisson distribution. The worker loads them at a rate of 4 trucks per hour, following approximately the exponential distribution in his service times. Das believes that adding an additional brick loader will substantially improve the firm's productivity. He estimates that a two-person crew loading each truck will double the loading rate (µ) from 4 trucks per hour to 8 trucks per hour. Analyze the effect on the queue of such a change and compare the results to those achieved with one worker. Calculate the average number in the queue, average number in the system, average time in the queue, average time in the system, the system utilization rate, and the probability that the system is empty.

Reference no: EM13300969

Questions Cloud

Calculate the image distance and lateral magnification : An object is 100 cm in front of a concave mirror that has a radius of 80 cm. Calculate the image distance and lateral magnification
Prepare the consolidation worksheet entries : Prepare the consolidation worksheet entries necessary for preparation of the consolidated financial statements for Geraldton Ltd and its subsidiary for the year ended 30/6/2012
Determine the directing effects of the substituents : Consider the directing effects of the substituents on salicylamide and predict the possible structures of the iodination products. Which do you think will be the major product? Explain your reasoning
Find smallest possible nonzero value for thickness of layer : You are standing in air and are looking at a flat piece of glass (n = 1.52) on which there is a layer of transparent plastic, Find the smallest possible nonzero value for the thickness of the layer
Calculate the average number in the queue : Calculate the average number in the queue, average number in the system, average time in the queue, average time in the system, the system utilization rate, and the probability that the system is empty.
Compute the concentration of an pilocarpine solution : Calculate the concentration of an pilocarpine solution with a pH = 9.34. The Kb of pilocarpine is 7.41x10-8 i need to know the steps to do problems like this one, if the steps can be simplified that would be great, thanks a lot.
Demonstrate how you can use a ted spread : Demonstrate how you can use a TED (Treasury/Eurodollar) spread, which is a simultaneous long (short) position in a Eurodollar contract and short (long) position in the T-Bill contract, to create a position that will benefit from these views.
Linear and horizontal flow through linear beds in series : Linear and horizontal flow through linear beds in series. Calculate the total oil rate bbl/d through all media, when the following data is given:
What is the potential of the second plate : One member of a pair of parallel conducting plates has potential 17 V. An electron is ejected from that plate at potential, What is the potential of the second plate

Reviews

Write a Review

Finance Basics Questions & Answers

  Computation of multiple cash flows for a year

Computation of multiple cash flows for a year and Future value of a $1 annuity when R= 8% compounded annually and t=200

  Contract between the corporation issuing the bonds

A bond indenture is: a) a contract between the corporation issuing the bonds and the bond trustee, who is acting in behalf of the bondholders.

  Compute the net present value of the laser copier project

Compute the net present value of the laser copier project using the companys weighted cost of capital and the expected cash flows from the project.

  Find the overall pre-tax and after-tax cost of debt

Find the overall pre-tax and after-tax cost of debt for a company with the following bonds. The tax rate is 35%.

  Examine the mix of debt and equity

Please examine the mix of debt and equity that British Petroleum (BP) uses. After finding this data:

  What shape would the probability distribution have

The probability distribution of a less risky expected return is more peaked than that of a riskier return. What shape would the probability distribution have for (a) completely certain returns and (b) completely uncertain returns?

  What is the new oprating leverage

If the units sold rise from 7,500 to 8,000, what will be the increase in operating cash flow? What is the new oprating leverage?

  Compute the incremental income after taxes

Johnson Electronics is planning extending trade credit to some customers previously considered poor risks. Sales would increase by $100,000 if credit is extended to these new customers.

  What is the market yield

A bond is selling at a premium of $300, pays a coupon of 10% and the ttm is 5 years. What is the market yield?

  Calculate the uniform annual cost

While the period of analysis is 5 years, the alternative only provides benefits for the last 3 years. Calculate the uniform annual cost.

  Who are the main users of financial statements

Who are the main users of financial statements? Does each user look for the same information? Explain and give examples.

  The determination letter program

Most qualified plan sponsors seek an advance determination letter from the IRS stating that the plan provisions meet Code requirements.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd