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Question:
(a) (i) What do you understand by the term ‘queueing theory'? Give two real life examples to illustrate your answer.
(ii) Outline the five components involved in the classification of any queueing model.
(b) Discuss briefly each of the following customer's behavior with regard to queueing theory: balking, reneging and jockeying.
(c) A bank has tellers working on savings accounts. The first teller handles withdrawals while the second teller handles deposits only. The service time distributions for both deposits and withdrawals are exponentially distributed with mean service time 4 minutes per customer. Depositors are found to arrive in a Poisson fashion with mean arrival rate of 12 per hour. Withdrawers also arrive in a Poisson fashion with mean arrival rate of 9 per hour.
What could be the effect on the average waiting time for depositors and withdrawers if each teller handles both deposits and withdrawals?
meaning,significance of operations research in bussiness management?
Other Determinants of Sample Size 1. The variability of elements within the population has become a very important factor to decide the sample size. The more v
Operations research is used by manager in making business decisions. What are five each of its merit and demerit that the users need to be aware of?
The sequencing problems arises whenever there is problems in determining the sequence ( order) in which a member of tasks can be performed by a number of service facilities su
Disadvantages of Mean Deviation a.Mean deviation ignores the algebraic signs of the deviations and such it is not capable of further algebraic treatment. b.It is no
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 paper i
8
Question 1 Describe the objectives of tax planning. Explain the factors to be considered in tax planning. Question 2 Describe the categories in Capital assets. Mr.
#Principles of OR
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