Assume poisson arrivals and exponential service times

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Reference no: EM132167385

1. Think of two creative ideas for services to be provided by the grocery industry. Be very specific in terms of the rationale behind your approach, and the systematic procedures (e.g., questionnaire) you would use to introduce your services to the market.

2. Each unit in a 10-unit population returns for service at an average interval of 20 minutes. If the cost of waiting is $32 per hour per unit and the cost of service is $50/T per unit per hour, find the optimum service time if there are two service channels. Assume Poisson arrivals and exponential service times.

3. Do small rivals like China’s Li-Ning pose a serious threat to Nike? Could private-label athletic shoes challenge Nike, especially in poor economic times?

Reference no: EM132167385

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