Queuing theory, Operation Research

Assignment Help:
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?

Related Discussions:- Queuing theory

DECISION MODELS, CRITICAL EXAMINATION OF THE APPLICATION OF DECISION THEORY...

CRITICAL EXAMINATION OF THE APPLICATION OF DECISION THEORY TECHNIQUES OR MODEL IN BUSINESS DECISION MAKING IN NIGERIA

MODI method, explain the procedure of MODI method of finding solution throu...

explain the procedure of MODI method of finding solution through optimaly test.

Problems based on lpp when feasible region is a line segment, Problems base...

Problems based on LPP when feasible region is a line segment or it does not exist. 1.    Maximize z = 2x+3y subject to the constraints X + y ≤ 1 X + y ≥ 3 X,  y ≥ 0

Steps involved in hypothesis testing of the mean , Statement of Hypothesis...

Statement of Hypothesis The  two hypothesis  i  ,e,  null hypothesis  (H 0 ) and Alternative Hypothesis (H 1 ) are so  constructed  that if  one is  correct the other  is wron

Sources of hypothesis - hypothesis testing, Sources of Hypothesis Hyp...

Sources of Hypothesis Hypothesis  may be developed from  various  sources. Some  of the important  sources are  the  followings: 1. A Hypothesis  Arises from  Intuition

Two handed process chart of signing a latter, Two Handed process Chart of S...

Two Handed process Chart of Signing a Latter     A multiple  activity  chart  records the related  sequence of activities  of more  than one subject, men  and / or  machine  o

Or, .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

Ranganathan''s principles, Ranganathan's Principles: Perhaps it would ...

Ranganathan's Principles: Perhaps it would be worthwhile to consider the Five Laws of Library Science of Dr. S. R. Ranganathan as the basic guidelines for formulating the obje

Write Your Message!

Captcha
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