TOPIC - WAITING LINE MODELS

Assignment Help Business Management
Reference no: EM132496754

TOPIC - WAITING LINE MODELS

Problem 1 - Willow Brook National Bank operates a drive-up teller window that allows customers to complete bank transactions without getting out of their cars. On weekday mornings, arrivals to the drive-up teller window occur at random, with an arrival rate of 24 customers per hour or 0.4 customers per minute.

a. What is the mean or expected number of customers that will arrive in a five-minute period?

b. Assume that the Poisson probability distribution can be used to describe the arrival process. Use the arrival rate in part (a) and compute the probabilities that exactly 0, 1, 2, and 3 customers will arrive during a five-minute period. If required, round your answers to four decimal places.

c. Delays are expected if more than three customers arrive during any five-minute period. What is the probability that delays will occur? If required, round your answer to four decimal places.

Problem 2 - Agan Interior Design provides home and office decorating assistance to its customers. In normal operation, an average of 2.6 customers arrive each hour. One design consultant is available to answer customer questions and make product recommendations. The consultant averages 12 minutes with each customer.

a. Compute the operating characteristics of the customer waiting line, assuming Poisson arrivals and exponential service times. If required, round your answers to four decimal places.

b. Service goals dictate that an arriving customer should not wait for service more than an average of 4 minutes. Is this goal being met? If not, what action do you recommend? (see attached screenshot to question #b)

c. If the consultant can reduce the average time spent per customer to 8 minutes, what is the mean service rate? If required, round your answer to one decimal place.

Will the service goal be met? Yes or NO for question c.

Problem 3 - (Algorithmic) Kolkmeyer Manufacturing Company is considering adding two machines to its manufacturing operation. This addition will bring the number of machines to eight. The president of Kolkmeyer asked for a study of the need to add a second employee to the repair operation. The arrival rate is 0.05 machines per hour for each machine, and the service rate for each individual assigned to the repair operation is 0.5 machines per hour.

a. Compute the operating characteristics if the company retains the single-employee repair operation. If required, round your answers to four decimal places.

b. Compute the operating characteristics if a second employee is added to the machine repair operation. If required, round your answers to four decimal places.

c. Each employee is paid $25 per hour. Machine downtime is valued at $75 per hour. From an economic point of view, should one or two employees handle the machine repair operation? Explain. If required, round your answers to two decimal places.

From an economic point of view---------- should handle the machine repair operation.

Option for question c one employee or two?

Attachment:- Assignent File - Waiting Line Models.rar

Reference no: EM132496754

Questions Cloud

What is the state of molecules in the liquid water now : Allow the ice to melt at room temperature. What is the state of molecules in the liquid water now? How did the energy transfer take place?
What elements should be included in a health teaching plan : What essential elements should be included in a health teaching plan addressing physical, emotional, social, and spiritual challenges in adolescents?
Describe biological fitness : Why is survival not enough to describe biological fitness?
Identify a company and a developing opportunity : What business model you would select to promote the product and why. Make sure to also discuss and include the pros and cons of the business models
TOPIC - WAITING LINE MODELS : TOPIC - WAITING LINE MODELS. Delays are expected if more than three customers arrive during any five-minute period. What is probability that delays will occur
Eliminating predators a bad idea for species richness : Why is eliminating predators a bad idea for species richness?
Discuss factors that contribute to risk-taking behaviors : Discuss factors that contribute to risk-taking behaviors and situations during adolescence. What impact might stress play on this age group?
What kinds of public relations tactics should be used : What kinds of public relations tactics should be used to help The Mexican Villa? Is there any kind of cause-related or event marketing program.
Describe ways to identify a problem and address the issue : For this assignment, you will develop and deliver a 10-15 minute seminar/workshop aimed at the teen or young adult audience on a specific health risk associated

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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