Compute the expected total cost per day of the operation

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Reference no: EM131929835

Question: Phillip Florrick is responsible for the warehouse operation for a local discount department store chain. The warehouse has only one unloading dock that is currently operated by a single threeperson crew. Trucks arrive at an average rate of five per hour and follow the exponential probability distribution. The average time for one of the crews to unload a truck tends to follow a normal distribution, with a mean of 9 minutes and standard deviation of 3 minutes (minimum time is 1 minute). Phillip has estimated the cost of operating a truck at $40 per hour. Phillip pays each person on the unloading crew $11 per hour. The unloading dock operates 8 hours each day. Simulate 100 days of this operation to calculate the total daily cost. Replicate this calculation N times to compute the expected total cost per day of this operation.

Reference no: EM131929835

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