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Suppose customers arrive one at a time, completely at random, at an ATM at the rate of 6 per hour. Customers take an average of 8 minutes to complete their transactions. That is, the service rate is 7.5 per hour. Historical data have shown that both the inter-arrival and service times closely follow some exponential distribution. Customers queue up on a first-come, first-served basis. Assume that there is only one ATM. (a) What is the average waiting time in this M/M/1 queue? Please provide the formula, at least one step of calculation, and the correct answer for full credit. (b) What is the average queue length? Please provide the formula, at least one step of calculation, and the correct answer for full credit.
What is the result of the "effects on interstate commerce" test?
describe three management skills necessary for the effective management of an organization. Outline three management roles in relation to the management of people and organizational processes.
You are designing a grocery delivery business. Via the internet, your company will offer staples and frozen foods in a large metropolitan area and then deliver them within a customer-defined window of time. Is it possible for a project to have more t..
Ralph Murdock found himself in a small group of co-workers at Essin Ltd being asked about working conditions at the plant and ways the company was considering to improve work assignments and daily scheduling. This could be considered a form of:
Should companies be held responsible for the illegal or unethical actions of employees using company-owned computers? Give two reasons to support your view.
Explain the use of outlet stores such as Saks Fifth Avenue in the context of revenue management. How does the presence of outlet stores help Saks? How does it help its more valuable customer, who is willing to pay full price?
What is the best decision based on an expected monetary value criterion? (Note: You want the lowest EMV because we are dealing with costs in this problem.)
Discuss how you would manage a poor forecast.
Complete a brief management analysis of quality improvement, and population health focus as they relate to managed care, Do these initiatives and strategies work?
Does a foreign company have an obligation to conform to local customs, or is it, at most, just "good business" to do so?
Please share some of your current beliefs surrounding Management. Based on your experience and from your perspective, do you feel managers - in general - are effective in their jobs? What are your experiences with managers? Could they do or have done..
Given the above case study, construct a block diagram that shows the boundaries of the ED information system; components of the ED information system; and their relationships, system inputs, outputs, and interface with systems outside the ED infor..
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