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Q. Customers arrive at Paul Harrold's Styling Shop at a rate of 3 per hour, distributed in a Poisson fashion. Paul can perform haircuts at a rate of 5 per hour, distributed exponentially.
a) Find the average number of customers waiting for haircuts.
b) Find the average number of customers in the shop.
c) Find the average time a customer waits until it is his or her turn.
d) Find the average time a customer spends in the shop.
e) Find the percentage of time that Paul is busy.
Formulate the linear programming problem to maximize the profit during the coming month. Write all of the constraints that are indicated by the above description of the problem.
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Why would long term reliance on a lower valued dollar at best be a short term solution to the competitiveness problem.
A Corporation wants to forecast demand using the weighted moving average. If the Corporation uses 2 prior yearly sales values, which of the subsequent is the weighted moving average forecast for year 2013.
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When you ask owners to describe a typical customer, they say it is impossible also explain which with corporate functions, family affairs also fund-raisers, they do not have a typical customer. You advise, it is time for market segmentation just b..
Corporation B's software would reduce the average search time by 12 minutes at a cost of $3.60 per search. Which option would have the highest productivity in terms of revenue per dollar of input.
Illustrate the business research and its purpose. Describe the business problem(s) under investigation.
Between the 2 which one if you were opening your own business do you think which you would use also why. Ellucidate what can you advice me for this question to gain some points.
Process Layout, Product Layout, Fixed position Layout, shaping of business policy, key objective of the operations manager, managing both demand and capacity
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