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Ivanshal [37]
2 years ago
13

At a single-phase, multiple-channel service facility, customers arrive randomly. Statistical analysis of past data shows that th

e interarrival time has a mean of 20 minutes and a standard deviation of 4 minutes. The service time per customer has a mean of 15 minutes and a standard deviation of 5 minutes. The waiting cost is $200 per customer per hour. The server cost is $25 per server per hour. Assume general probability distribution and no buffer capacity restriction
Required:
a. Find the optimal number of servers to be employed to minimize the total of waiting and server costs.
b. Find the average waiting time and the average total time through the system for the optimal case.
c. Find the cost per hour, average waiting time, and average flow time for one server if the probability distributions for the interarrival time and service time are assumed to be exponential and the mean values remain the same. .
Business
1 answer:
Trava [24]2 years ago
6 0
Cost per hour with one server = $ 59.00

Cost with 2 servers = $ 52.19

Cost with 2 servers = $ 75.40

Total cost with 2 servers is the lowest ($ 52.19). Therefore, two servers are optimal.

b) With 2 servers,

Average waiting time, Tq = 0.2188 minutes

Total time = Tq+p = 0.2188+15 = 15.2188 minutes

c) Arrival rate, \lambda = 60/20 = 3 per hour

Service rate, \mu = 60/15 = 4 per hour

Lq = \lambda 2/(\mu*(\mu-\lambda)) = 32/(4*(4-3)) = 2.25

Cost per hour = Lq*Cw+Cs = 2.25*200 + 25 = $ 475

Waiting time, Wq = Lq/\lambda = 2.25/3 = 0.75 hour = 45 min

Flow time = Wq+1/\mu = 0.75+1/4 = 1 hour = 60 min
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The answer is : The demand is elastic.

Elasticity =

[(80,000 - 180,000)/((80,000+180,000)/2)]/[($40 - $30)/(($40 + $30)/2)]|

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The answer is -4.23, however when considering own price elasticity of demand, we ignore the negative sign and look at the absolute value to determine whether it is elastic or inelastic.

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On June 10, Sheridan Company purchased $7,700 of merchandise from Crane Company, terms 3/10, n/30. Sheridan Company pays the fre
sveta [45]

Answer:

Sheridan Company journal entries:

June 10

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  • Dr Merchandise inventory 430
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4 years ago
Future Value of Multiple Annuities Assume that you contribute $150 per month to a retirement plan for 20 years. Then you are abl
love history [14]

Answer:

$641,455.26

Explanation:

Calculation to determine the value of your retirement plan after 40 years

First step is to determine FV Using financial calculator

N = 40*12 = 480

I = 8%/12 = .6667

PV = 0,

PMT = $150

CPT FV =$523,651.17

N = 20*12 = 240

I = 8%/12 = .6667

PV = 0

PMT = $200 ($350 - $150)

CPT FV =$117,804.08

Now let determine the value of your retirement plan after 40 years

Sum of FV =$523,651.17+$117,804.08

Sum of FV =$641,455.26

Therefore the value of your retirement plan after 40 years will be $641,455.26

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3 years ago
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Hope this helps. Mark brainlist?
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3 years ago
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Holton is the manager at a small restaurant what can he do to ensure the work place offers a safe environment for employees
adoni [48]

Answer:

A. Require all employees to wear slip resistant shoes.

<u></u>

<u>Options for this question</u>

A. Require all employees to wear slip resistant shoes.

B. Allow employees to eat one meal from an employee menu during their shift.

C. Train employees to provide great customer service.

D. Have employees set all the tables at the beginning of their shift.

Explanation:

Restaurants operate while maintaining high levels of hygiene. Cleaning is a continuous process as long as the restaurant is open. Due to this fact, the floor is bound to be slippery most of the time. With such conditions, slip-resistant shoes should be part of an employee's personal protection equipment, PPE.

A manager concerned with employee safety will insist on slip-resistant shoes to prevent workplace accidents. The other options are not about employee safety in the workplace.

3 0
3 years ago
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