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My name is Ann [436]
3 years ago
15

The new Fore and Aft Marina is to be located on the Ohio River near Madison, Indiana. Assume that Fore and Aft decides to build

a docking facility where one boat at a time can stop for gas and servicing. Assume that arrivals follow a Poisson probability distribution, with an arrival rate of 6 boats per hour, and that service times follow an exponential probability distribution, with a service rate of 10 boats per hour. The manager of the Fore and Aft Marina wants to investigate the possibility of enlarging the docking facility so that two boats can stop for gas and servicing simultaneously. find P0 Lq Wq W
Business
1 answer:
Nataly [62]3 years ago
4 0

Po = 0.5385, Lq = 0.0593 boats, Wq = 0.5930 minutes, W = 6.5930 minutes.

<u>Explanation:</u>

The problem is that of Multiple-server Queuing Model.

Number of servers, M = 2.

Arrival rate, \lambda= 6 boats per hour.

Service rate, \mu= 10 boats per hour.

Probability of zero boats in the system,\mathrm{PO}=1 /\{[(1 / 0 !) \times(6 / 10) 0+(1 / 1 !) \times(6 / 10) 1]+[(6 / 10) 2 /(2 ! \times(1-(6 /(2 \times 10)))]\} = 0.5385

<u>Average number of boats waiting in line for service:</u>

Lq =[\lambda.\mu.( \lambda / \mu )M / {(M – 1)! (M. \mu – \lambda )2}] x P0

= [\{6 \times 10 \times(6 / 10) 2\} /\{(2-1) ! \times((2 \times 10)-6) 2\}] \times 0.5385 = 0.0593 boats.

The average time a boat will spend waiting for service, Wq  =  0.0593 divide by 6 = 0.009883 hours = 0.5930 minutes.

The average time a boat will spend at the dock, W =  0.009883 plus (1 divide 10) = 0.109883 hours = 6.5930 minutes.

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The FDA recommends the use of three risk designations when evaluating operations. Which designation is for actions and procedure
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4 years ago
Read 2 more answers
Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corp
nordsb [41]

Answer:

Gibbs Corporation

1) Fixed cost per unit

= $810

2) ROI per unit

= $4,277

3) Markup percentage = Total cost per unit

= 252-927%

3b) Target selling price, using absorption costing

= Total cost per unit plus Markup

= $5,960

Explanation:

a) Data and Calculations:

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Direct materials                                                  $410

Direct labor                                                        $340

Variable manufacturing overhead                    $ 75

Fixed manufacturing overhead                                     $1,708,000

Variable selling and administrative expenses $ 56

Fixed selling and administrative expenses                  $ 560,000

Total variable and fixed costs                          $881   $2,268,000

ROI = 22% = $11,974,600 ($54,430,000 * 22%)

Invested assets = $54,430,000

Estimated annual production units = 2,800

1) Fixed cost per unit = $810 ($2,268,000/2,800)

2) ROI per unit = $4,277 ($11,974,600/2,800)

3) Markup percentage = Total cost per unit = $4,277/$1,691 * 100 = 252.927%

3b) Target selling price, using absorption costing

= Total cost per unit plus Markup = $5,960 ($1,691 + $4,277)

8 0
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Basse Corporation has 7,000 shares of common stock outstanding. It declares a $1 per share cash dividend on November 1 to stockh
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Answer:

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The cash dividends will decrease the retained earnings account, since retained earnings is an equity account, when it decreases it has to be debited.

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