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A restaurant already has the single line/three server system in place, with Poisson arrivals at a rate of 30 per hour and exponential service at a rate of 15 per hour. To maintain its stellar customer service reputation, the restaurant is considering the addition of a fourth server. To justify the cost of adding a new server, the restaurant decides that it will add a fourth server only if, in the current system, the following two conditions hold: the probability of a customer having to wait for service is above 0.25 and the probability of the system being empty is below 0.1. Based on these criteria, should the restaurant add the fourth server? Why or why not?
The KVS Pharmacy is open from 10:00 a.m. to 8:00 p.m., and it receives 200 calls per day for delivery orders. It costs the pharmacy $25 to send out its cars to make deliveries. The pharmacy estimates that each minute a customer spends waiting for the..
You deposit $8,000 into a retirement account at the end of the next 12 years earning 10% interest, what is the future value of your retirement after 12 years?
ABC Airlines has calculated the total costs (fixed and variable) for the passenger service flights between Los Angeles, California and Orlando, Florida. The two methods used were the high-low method and the least squared method.
Imagine you are the branch manager of a large bank. You want to improve both job satisfaction and job performance in your branch. Describe the affective events theory and explain how work events impact job satisfaction and job performance. Describe h..
Many manufacturing companies have applied the concept of DFMA (Design For Manufacturability and Assembly) to improve the design of their products. Select any product that you are familiar with that requires some assembly (by the factory and/or by the..
Discuss the importance of legal compliance with federal employment laws and regulations as well as ethical issues that govern appraisals and performance management. Provide examples.
Bergen County's Department of Tourism and Recreation collects data on the number of visitor cars with NY license plates in one of its parks.
The term blue chip applies to stocks issued by a company in excellent financial standing with a record of producing earnings and paying dividends. Stocks in companies such as GE and Chrysler were initially considered blue chip stocks. Today, stocks i..
Illustrate what are some sources of risk in a systems analysis also design project, also elucidate how does a project manager cope with risk during stages of project management.
Describe your experience in researching the agency and interviewing representatives, highlighting the value the project has to your career, the positive elements, and the challenges you faced during the process.
Change is everywhere, yet very few people seem to embrace the concept. We are, for the most part, creatures of habit and follow daily routines. When change occurs, our activities and thought patterns are disrupted.
M&L Manufacturing: What are some of the potential benefits of a more formalized approach to forecasting?
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