Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

1. Golden Muffler Shop is able to install mufflers at an average rate of 10 per hour. Customers arrive at the shop every 10 minutes, following a Poisson distribution.

a. What is the mean number in service?

b. What is the probability that a person will wait in line?

c. What is the mean number of customers in the system?

d. What is the mean number of customers waiting in the line?

e. How long will it take a person to complete a service from arrival?

f. On average, what percentage of the time a person will wait in line?

g. Let's say the hourly cost of service was $7.00 per server, and the hour cost of waiting is $10. What is the total hourly cost?

h. Let's say the customers will balk if there is more than 2 people waiting in line. What is the number of customers lost due to line length? (Simulate for 100 customers)

i. Let's say the customer will renege if they have to wait more than 0.25 hours. What is the number of customers lost due to waiting? (Simulate for 100 customers)

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M91778524
  • Price:- $45

Priced at Now at $45, Verified Solution

Have any Question?


Related Questions in Business Management

How can a organisation move forward in the community to be

How can a organisation move forward in the community to be a leader in diversity. Discuss: How you'll develop work plans to incorporate diverse workforce members into the plan. Why you would make changes to work plans to ...

Should managers in the public service pursue the greatest

Should managers in the public service pursue the "greatest good for the greatest number" or follow a set of moral rules when they make decisions involving difficult ethical issues? Explain.

Which assumptions seem more realistic in parts a and b the

Which assumptions seem more realistic in parts (a) and (b)? The sticky wages and price model or fully flexible one? Why?

In order to provide career development opportunities to

In order to provide career development opportunities to employees, many organizations have developed their own universities or training programs. What are the advantages and disadvantages in doing this?

In class today we were discussing daniel goleman three

In class today we were discussing daniel goleman three motivational competencies self-awareness, self-regulation, and motivation. How could you apply them to personal and organizational issues I dont understand the conce ...

The evolutionary process is one important perspective of

The evolutionary process is one important perspective of strategic management. What is evolutionary process?

How do employees evaluate the fairness of an authoritys

How do employees evaluate the fairness of an authority's decision making?

What are the possible weaknesses that a leader might

What are the possible weaknesses that a leader might possess? Please explain.

Analyse walt disneys international business landscape upon

Analyse Walt Disney's international business landscape upon which it operates?

Alibaba started in an apartment and is now the worlds

Alibaba started in an apartment and is now the world's largest retailer. Amazon started as an online book seller, and eBay began as a site where people could sell used personal items in auctions. Did these online giants ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As