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A new shopping mall is considering setting up an information desk staffed by one (1) employee. Based upon information obtained from similar information desks, it is believed that people will arrive at the desk at the rate of fifteen (15) per hour. It takes an average of two (2) minutes to answer a question. It is assumed that arrivals are poisson-distributed and that answer times are negative-exponentially-distributed.
REQUIREMENT:
definition of cost of control
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When Lydia started her vending machine business, she instituted flexible budgeting for the first few months of operations. Her first monthly budget numbers were these: Cost of g
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