Determine the customer inter-arrival time, Cost Accounting

Assignment Help:

During the dinner hour, the distribution of the inter-arrival time of customers at Burger Barn is predictable to be as follows:

Inter-arrival Time

Probability

30 seconds

.45

60 seconds

.25

90 seconds

.15

120 seconds

.10

150 seconds

.05

Sixty percent of customers pay along with cash, while 40% pay along with credit cards.

Payment Method

Probability

Cash

.60

Credit

.40

The service time of the cash and credit card customers are predictable to be as follows:

Cash

Credit Card

Service Time

Probability

Service Time

Probability

20 seconds

.35

30 seconds

.20

40 seconds

.30

60 seconds

.45

60 seconds

.25

90 seconds

.25

80 seconds

.10

120 seconds

.10

Simulate this system for 20 customer arrivals and determine the average time a cash and credit card customer must wait in line before paying the cashier. Use the random numbers in the table below to determine the customer inter-arrival time, whether the customer pays with cash or credit, the service time.

You will be working with three probabilistic variables, the inter-arrival time, the payment method and the service time. Please also use the excel template attached when solving this problem.

Random Numbers

Inter-arrival Time

Payment Method

Service Time

63

10

19

46

73

79

86

28

35

0

51

63

56

91

54

67

14

51

59

64

93

28

24

69

79

70

14

64

84

35

33

73

1

81

17

9

17

48

70

63

11

50

66

88

40

27

94

41

4

29

71

34

83

68

7

71

50

69

27

82


Related Discussions:- Determine the customer inter-arrival time

Calculate average cost to manufacture, Sony manufactures battery for Iphone...

Sony manufactures battery for Iphone 6+. The average costs to manufacture batteries are $4 for 10,000 ad $2.67 for 30,000. Assuming the total cost function is linear, what will be

Calculate the total direct labor cost & labor wage rate, Peter Coffin and P...

Peter Coffin and Paul Bearer own The Grave Undertaking, Inc. and their firm uses a predetermined overhead rate to apply overhead to the production of custom-built coffins.  They us

Wages department, Wages Department It is accountable for the preparati...

Wages Department It is accountable for the preparation of the payroll and the payment of wages. The routine will need: a) Analysis of clock cards and verify of overtime aut

Trypanosoma, Place a prepared slide of Trypunosoma under tlic microscope an...

Place a prepared slide of Trypunosoma under tlic microscope and focus it under low power, You will observe large number of tiny spindle-shaped trypanosomes lying in the plasma alll

Marginal costing and marginal cost, Marginal Costing and Marginal Cost ...

Marginal Costing and Marginal Cost Marginal Costing is an optionally method of costing to absorption costing , In marginal costing, merely variable costs are charged like a

Account analysis method of cost estimation, Account Analysis Method of Cost...

Account Analysis Method of Cost Estimation By Utilizing account analysis, the accountant classifies and examines each ledger account like variable mixed or fixed. Into their v

Realized gain or loss on the exchange, Pauline's Pastry Shop decides to rem...

Pauline's Pastry Shop decides to remodel its offices this year. As part of the remodeling, Pauline's trades furniture with a cost of $12,000 that had been expensed in the year of p

What is emv and eol approach, Adele Weiss manages the campus flower shop. ...

Adele Weiss manages the campus flower shop. Flowers must be ordered three days in advance from her supplier in Mexico. Advance sales are so small that Weiss has no way to estimate

Direct labour efficiency variances, Direct Labour Efficiency Variances ...

Direct Labour Efficiency Variances It is the difference between the standard hours allowed for the actual production achieved and the hours actually worked, all valued at THE

Homework, i need help on my homework

i need help on my homework

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