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A drive-in bank can accommodate up to 7 cars on the driveway plus one car in service. If a car arrives and cannot find a space in the driveway, it drives away. The cars arrive at a rate of 9 cars per hour following a Poisson distribution. There is only one drive-in window that serves each customer on the average in 5 minutes, following an exponential distribution. The bank owner has hired you to analyze the system and would also like to know whether the current system can accommodate at least 95% of its customers. If it does not, the owner wants suggestions as on how to improve his/her service to his/her customers.
Please provide equations.
Vera source Microprocessor Corporation (VMC) sells 2,000 specialized microprocessor chips each month at a price of $1,500 each. Variable costs amount to $1,500,000, and fixed costs are $500,000. What is the hidden cost to the company of making this r..
When someone is examining issues of waste in another person’s area, is there a conflict, what do you think? Do you think that they are dealing with a negative situation? Can Conflict can have both positive and negative influences on an organization. ..
Describe Complex Interdependence Theory. Why is air transportation satisfying the requirements of the visible and secure supply chain of today and tomorrow
Spotlight on AOL—Common Law. AOL, LLC, mistakenly made public the personal information of 650,000 of its members. The members filed a suit, alleging violations of California law. AOL asked the court to dismiss the suit on the basis of a “forum-select..
Determine whether ability or motivation is more important in selecting the right person for the right job.
"Look. Mr and Mrs. Johnson, your daughter was molested, and we need to get this scumbag back in prison." Your partner, Lieutenant Ross Barton, a 25-year veteran of the department, stood in the hallway of the hospital, pleading with the parents of a n..
Sustainable competitive advantage is the "holy grail" of corporate strategy, but it is exclusive. Using all you have learned to date about Harley-Davidson, analyze whether or not Harley-Davidson has a source of sustainable competitive advantage. D..
Use an example and discuss how an organization, partnership or collaborative assessment results can be implemented from the planning stage to action?
Buy an index mutual fund. Tell us why you bought that one. State its goals. Do the two match? How is it classified? What is its Morningstar rating?
explain why is the diagnosis of the problem so important in the change management process? Discuss the advantages and disadvantages to having a union within an organization.
The stock of the pharmaceutical company is trading at $40. There are currently two options trading: a European call option with a strike price of $45 and a European put option with the same strike price of $45. Both options have the same maturity of ..
Buckminster Fuller was difficult to categorize. Words used to describe him include: wack, mad man, failure, dreamer, genius and many more.
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