A certain type of machine breaks down at an average rate of 5/hour. the break down is in accordance with Poisson process.cost of idle machine hour is $15/hour. 2 repairmen Peter and John have been interviewed, Peter charges $8/hour and services break down machines at the rate of 7/hour. John charges $10/hour and services the machine at an average rate of 9/hour. Which repair man should be hired and why?

Posted Date: 2/21/2013 8:21:45 AM | Location : Nigeria

Ask an Expert

Related Discussions:- Queuing theory, Assignment Help, Ask Question on Queuing theory, Get Answer, Expert's Help, Queuing theory Discussions

Write discussion on Queuing theory
Your posts are moderated

Write your message here..

Related Questions

Determination of effectiveness measures, Determination of effectiveness Mea... Determination of effectiveness Measures: Effectiveness measure is a measure of success of a model in representing a problem and providing a solution. It is the connecting link

LPP, A paper mill produces two grades of paper viz., X and Y. Because of ra... A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i

Lpp, A paper mill produces two grades of paper viz., X and Y. Because of ra... A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i

PERT, how does it work how does it work

Regression line - correlation regression analysis, Regression Line The... Regression Line The line  of regression  is the  line  which give the best  estimate  to the  values  of one  variable  for any  specific  values  of other  variable. For t

Using software for analysis grouping, Using   Software for Analysis Group... Using   Software for Analysis Grouping and Displaying Data   to Convey Meaning Normal 0 false false false EN-IN X-NONE X-NONE

Linear programing, main components of linear programming main components of linear programming

LP - Assignment problem, I have looked at Hungarian algorithm to solve assi... I have looked at Hungarian algorithm to solve assignment problem, but it seems like it is limited to 1-to-1 assignment. I would like to know how to do 1-to-3 assignment.

Modi, explanation explanation

What do you understand by the term queueing theory, Question: (a) (i) W... Question: (a) (i) What do you understand by the term ‘queueing theory'? Give two real life examples to illustrate your answer. (ii) Outline the five components involved in