A business center wants to lease a fax machine for, Ask an Expert

Management Studies

A business center wants to lease a fax machine for customers to use. A regular fax machine leases for $18 per hour, and it takes a customer an average of 10 minutes (exponentially distributed) to complete a faxing job. An upgraded fax machine leases for $22 per hour, and it requires an average of 8 minutes to complete a faxing job. Customers arrive at the faxing machine at a rate of 4.2 per hour (Poisson distributed) and a customer’s time is valued at $10.00 per hour. Determine which fax machine the business center should lease to minimize the total cost.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92179442

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 provide an example of an enforceable contract and explain

1. Provide an "example" of an enforceable contract and explain "why" it is enforceable (not from the textbook make a fictional case). 2. Provide an "example" of an unenforceable contract and explain "why" it is unenforce ...

1 do you think facebook can survive as a publicly traded

1. Do you think Facebook can survive as a publicly traded company? Why or Why not? 2. In 250 words, discuss how writing an online marketing plan differs from writing a traditional marketing plan. Discuss the pros and con ...

Question explain the importance of a quality assurance plan

Question : Explain the importance of a quality assurance plan (QAP) for service contracts. What do you think are three important considerations for a QAP for an information technology contract, and why? 200-300 words

1 in relation to the parts of the human resources

1. In relation to the parts of the human resources management process, labor relations would fall under __________. a. human resources planning b. attracting employees c. developing employees d. retaining employees 2. In ...

Tanner park is a small amusement park that provides a

Tanner Park is a small amusement park that provides a variety of rides and outdoor activities for children and teens. In a typical summer season, the number of adult and children’s tickets sold are 20,000 and 10,000, res ...

When reviewing the different contract classifications you

When reviewing the different contract classifications, you will find that express contracts are few in number and implied reigns supreme. In addition, quasi-contracts are not contracts, but are the court's way of making ...

Snow skiing and snowboarding remain popular hobbies more

Snow skiing and snowboarding remain popular hobbies. More than 10 million people in the United States participate in the activities each year. Ski resorts can be found across the country. The marketplace for equipment co ...

If you have used project management software tools to

If you have used project management software tools to assist in scheduling a project, please share your experiences by describing the following: The name of the software application and a link to the web site where your ...

A company experiences annual demand of 2340 units for an

A company experiences annual demand of 2,340 units for an item that it purchases. The rate of demand per day is very stable, with very little variation from day to day. The item costs $36 when purchased in quantities les ...

Compare and contrast the federated centralized and hybrid

Compare and contrast the federated, centralized, and hybrid models for HIEs. How do they differ and what are their similarities? If you are a manager in charge of selecting an HIE model, how would you choose an HIE model ...

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

Recent Questions

Ask Operation Management Expert