Compute the operating characteristics of interest, Operation Management

Assignment Help:

An urn contains nine white balls and 11 black balls. A ball is drawn and replaced. If the ball is white your opponent pays you 25 cents. If it is black you pay him 25 cents. You have one dollar and your opponent has 50 cents. Play continues until one of you is broke. What is the probability that you lose all your money? What is the expected number of times that you play prior to the game ending? What is the answer to these two questions if both you and your opponent started with 75 cents? 2. The manager of the Hippon Drug Store is remodeling his facility and is considering three ways of organizing his branded-items business. The first way is to employ a fast clerk to wait on all customers. Assume such a clerk serves customers exponentially at an average rate of two minutes per customer. The second way is to employ two moderately fast clerks to wait on all customers. Assume each serves customers exponentially at an average rate of four minutes per customer. The third way is to use a self-service system in which each customer waits on himself. Self-service, at an average rate of six minutes, is slower than clerk service. The manager wants to calculate the average number of customers in the store, the average time each spends in the store, and the average time each spends waiting for service, under each way of organizing. Assume that customers arrive completely randomly, one at a time, at the rate of 15 per hour. Calculate the operating characteristics of interest to the manager.


Related Discussions:- Compute the operating characteristics of interest

Describe the difference among rationalist and incrementalist, Explain the d...

Explain the difference between rationalist and incrementalist strategy. Who are the main protagonists of the theories? How have the debates regarding these theories had implication

Finite capacity model, #questionGo-Fast Travel agency has a phone reservati...

#questionGo-Fast Travel agency has a phone reservation system with 5 lines answered by one travel agent. that means 4 customers can be placed on hold while one is being served. if

Describe system safety working group, You are preparing a Preliminary Hazar...

You are preparing a Preliminary Hazard List (PHA) for a new aircraft, as the System Safety Engineer. Describe 5 (five) credible hazards/mishaps you would include in this list for f

How to compare forecasts with the original data, Develop a forecast for yea...

Develop a forecast for years 2 through 12 using exponential smoothing with ƒÑƒn= .4 and a forecast for year 1 of 6. Plot your new forecast on a graph with the actual data and the n

Illustrate overview of operational functions or departments, Illustrate the...

Illustrate the overview of operational functions or departments? Organisations create products or deliver services and act rely heavily onto operational processes to create eff

Routing procedure, Routing Procedure For a new product or part the rout...

Routing Procedure For a new product or part the routing procedure consists of seven principle steps: 1.The first step is to analyze the product or articles and fabricate int

Explain manager of a production department, Suppose that you are the manage...

Suppose that you are the manager of a production department that uses 400 boxes of rivets per year. The supplier quotes you a price of $8.50 per box for an order size of 199 boxes

Goldratt - theory of constraints, Goldratt - Theory of Constraints 1 i...

Goldratt - Theory of Constraints 1 identify the systems constraints  2 exploit the systems constraints  3 subordinate everything else to the above decision  4 elevate

Explain the challenges faced by front-line employees, Discuss how front-lin...

Discuss how front-line employees are critical to customer assessment of service quality. Identify the challenges faced by front-line employees.

Leadership evaluation and leadership philosophy, Write an evaluation (500-7...

Write an evaluation (500-750 words) of the situation that addresses the following: The power bases used by the leader. The influence tactics used by the leader. The leadership sty

Write Your Message!

Captcha
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