Answer:
The minimum number of staffs that could be hired is 4
The optimal number of stuff is 6 and The total cost per hour is $114.14
Explanation:
Average arrival rate, λ = 190 per hour
Average service rate, μ = 1 in 1 minute = 60 per hour
The minimum number of servers required for a stable queuing system
= λ/μ
= 190/60
= 3.167
Therefore, The minimum number of staffs that could be hired is 4.
s P0 Lq Server cost per hour = s*18
4 0.029 2.210 72
5 0.039 0.483 90
6 0.041 0.137 108
Waiting cost per hour = Lq*45 Total cost per hour
99.44 171.44
21.72 111.72
6.14 114.14
The total cost is optimal for s = 6.
Therefore, The optimal number of stuff is 6 and The total cost per hour is $114.14
Answer:The meeting will fall under the FOURTH PHASEie STRATEGIC EVALUATATION of the planning process
Explanation:
The fourth phase of planning is the Strategy Evaluation which involves Buisness taking a concise time to monitor an already working proposed plan and adjust the process as nessesary.
Buisnesses like P and L can address an already working procedure to analyse what is working or what is not by organisaing, monitoring , getting feedback and measuring performance of the work done by the earlier proposed plan. This on the long run leads to establishment of best practices and help to correct future processes and plans.
The main difference between a general partnership and a limited partnership is that "<span>A general partnership has unlimited liability for all partners while a limited partnership has limited liability." In addition, the liability of the personal assets in a general partnership is its obligation.</span>
Answer:
The percentage of Indiana residents with a college degree rises from 25% to 30%.
Explanation:
Human capital is one of the most important (according to some economists the most important) aspect for economic growth. If college graduates in Indiana go from 25% to 30%, it means that Indiana's human capital has improved.
With improved Human Capital, now Indiana can produce better steel and corn, or even produce other things, because its college graduates have acquire the necessary knowledge to do so. This will in turn lead to economic growth and a higher standard of living.
