The average time in the system

Assignment Help Operation Management
Reference no: EM131743247

Neve Commercial Bank is the only bank in the town of? York, Pennsylvania. On a typical? Friday, an average of 8 customers per hour arrive at the bank to transact business. There is one teller at the? bank, and the average time required to transact business is 3 minutes. It is assumed that service times may be described by the negative exponential distribution. A single line would be? used, and the customer at the front of the line would go to the first available bank teller. If a single teller is?used:

?a) The average time in the line? = minutes? (round your response to two decimal? places).

?b) The average number in the line? = customers? (round your response to two decimal? places).

?c) The average time in the system? = minutes? (round your response to two decimal? places).

?d) The average number in the system? = customers? (round your response to two decimal? places).

?e) The probability that the bank is empty? = (round your response to two decimal? places).

?f) CEO Benjamin Neve is considering adding a second teller? (who would work at the same rate as the? first) to reduce the waiting time for customers. He assumes that this will cut the waiting time in half.

If a second teller is? added, the average time a customer spends in the queue? = minutes? (round your response to two decimal? places).

If a second teller is? added, the average number of customers in the queue? = customers? (round your response to four decimal? places).

If a second teller is? added, the average time a customer spends in the system? = minutes? (round your response to two decimal? places).

If a second teller is? added, the average number of customers in the system? =  customers? (round your response to three decimal? places).

If a second teller is? added, the probability that the bank is empty? =

Reference no: EM131743247

Questions Cloud

Quality thinking of three recognized quality management : A discussion of the contribution to current quality thinking of three recognized quality management experts.
Enhance social and environmental impacts : Why governments and destination managers should broaden the post-event assessment focus beyond the economic to enhance social and environmental impacts
Transaction-based and relationship marketing : Define customer relationship management. and explain the difference between transaction-based and relationship marketing
Servant leadership is overrated : You try to share your excitement with your supervisor and tell him you are taking a servant leadership class. His response is, “Servant leadership is overrated.
The average time in the system : Neve Commercial Bank is the only bank in the town of? York, Pennsylvania. The average time in the system? = minutes
Importance of customer satisfaction in oman air : Importance of Customer Satisfaction in Oman Air
Calculator with mean and sample standard deviation : Use a calculator with mean and sample standard deviation keys to find the sample mean startup cost x and sample standard deviation
What is the distribution of the sample proportion : What is the distribution of the sample proportion? Enter "binomial" or "normal" in blank #1.
Choose any excel discussion dataset : Choose any Excel Discussion dataset. Include the name of the dataset. From that dataset, select any two quantitative variables that you suspect

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd