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Q. Karen Brown's Coffee Shop decides to install an automatic coffee vending machine outside one of its stores to reduce the number of people standing in line inside. Karen charges $3.50 per cup. Explain however, it takes too long for people to make change. The service time is a constant 3 min. and the arrival rate is 15 per hour (Poisson distributed).
A) Illustrate what is the average wait in line?
B) Illustrate what is the average number of people in line?
C) Karen raises the price to $5 per cup and takes 60 seconds off the service time. Explain however, because the coffee is now so expensive, the arrival rate drops to 10 per hour. Now illustrate what are the average wait time and average number of people in the queue (waiting)?
Discuss the implications from an operations design viewpoint of such a change of business model also discuss also explain the types of operations (design) strategies also tactics.
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This was expected to cost a total of $8,501,000. To date they have spent $5,001,000 on the superstructure. Computes the schedule variance, schedule performance index also cost performance index for the project to date.
How do you formulate this as a goal programming problem? Suppose that all of goals are equally important. Mick Garcia, a certified financial planner (CFP) has been asked by client to invest $250,000. This money may be placed in stocks, bonds, or a m..
Why should decision makers who're primarily concerned with the marketing or finance or production know about linear programming?
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