Major help Needed STAT, Operation Management

Assignment Help:
Doc On Call (Q12 – Q14)

A company has started a phone service that uses overseas doctors to provide emergency medical consultations. The responding doctors are based in a country with low wages but with a highly skilled pool of physicians. Responding to each call takes on average 15 minutes. At any given moment in time, there are 4 doctors overseas on duty. Calls arrive every 5 minutes on average and standard deviation of the inter-arrival time is 5 minutes. The company receives $50 from the patient’s insurance company for each consultation. If one of the 4 overseas doctors is available, the firm pays $20 to the doctor and makes $30 in profit. If no doctor is available overseas, the call is rerouted to the U.S. where a local physician answers the question. A local physician is always available to take a call. In this case, the firm pays the $50 to the local physician, so there’s no profit for the company.



Q12. What is the percentage of calls being answered by a physician in the US? (Write the percentage, that is, if your answer is 53.22%, input 53.22 as the answer.)

Related Discussions:- Major help Needed STAT

Explain limitations of budgets, Explain limitations of budgets. Limita...

Explain limitations of budgets. Limitations of Budgets : (i) Since budget is based on calculates approximately, that is, estimated sales, estimated business conditions and

Find the net present value, The company is considering a capital expenditur...

The company is considering a capital expenditure of $480,000. It has an estimated life of 4 years and no salvage value. The estimated net income and new cash flow from the project

What steps must to be taken to maximize the sales-price, Identify key gaps ...

Identify key gaps in planning for the exit. Provide recommendations on the exit strategy. Is the sale the right one? What steps ought to be taken to maximize the sales-price? What

Explain management''s responsibility regarding risk, There is a puzzle in r...

There is a puzzle in regard to risk. What is management's responsibility regarding risk? At what level(s) does each aspect of risk management lie?

Explain advantage of using digits to enter categorical, What is the advanta...

What is the advantage of using digits to enter categorical data rather than using words or letters?

Pblum, b. A paper mill produces two grades of paper viz., X and Y. Because ...

b. A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y pa

Determine whether ability and motivation is more important, Determine wheth...

Determine whether ability or motivation is more important in selecting the right person for the right job. Explain your rationale.

Explain functions of marketing management, Explain functions of marketing m...

Explain functions of marketing management. Functions of Marketing Management: The broad functions of marketing management includes as in following : (i) Marketing Research

Simulation, Which of the following probability distributions cannot be simu...

Which of the following probability distributions cannot be simulated ?

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