A new office park opened in york pa and neve commercial, Ask an Expert

Management Studies

A new office park opened in York, PA and Neve Commercial Bank experience a huge surge in business. The average number of customers arriving per hour TRIPLED (change your lambda value). The bank owner wants to determine the optimal number of tellers to schedule to work.

(g) What is the minimum number of tellers that must be scheduled so the bank remains a FEASIBLE system? Type equation and answer here.

(h) If a bank teller represents a cost of $15 per hour and customer waiting time represents a cost of $20 per hour for each customer waiting in line (not being served, just waiting -- this value was estimated based on the manager’s predicted value of lost customers due to excessive waits), from a quantitative perspective determine how many tellers should Neve Commercial Bank schedule to work on the morning shift. (HINT: Create a cost analysis). Based on your cost analysis and your managerial perspective, what is the number of tellers that you would recommend? Why? Type answer here.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92554462

Have any Question?Write your Review or question?

Related Questions in Operation Management

Assignmentwrite a 2 page analysis of physician quality

Assignment Write a 2 page analysis of physician quality practice data. Recommend three strategies for improving physician quality practice rankings on physician profiling and quality report cards. Justify your recommenda ...

1 describe in your own words about organizational

1. Describe in your own words about organizational ambidexterity? what are the pros and cons?give an example of an organization who has organizational ambidexterity? 250 words the most 2. Discuss the difference in the pl ...

In your own words describe why a company would want to use

In your own words, describe why a company would want to use a pull system rather than a push system. Describe a business that could use a Kanban to assist with Lean production. In your own words, what is VALUE to a custo ...

What do you think of the term ldquomedical errorrdquo as a

What do you think of the term “medical error” as a descriptor of adverse medical outcomes? After all, there are many medical procedures and treatments that are inherently risky and painful. Given this fact, is it conceiv ...

Prices fuel water grocery items etc tend to rise in

Prices (fuel, water, grocery items, etc.) tend to rise in response to a natural disaster. 1. Using the term Demand as a topic, explain how/why this occurs. 2. Using the term Supply as a topic, explain how/why this occurs ...

Game theorythe neo luddites and the pro technologists have

Game Theory The neo Luddites and the pro Technologists have publicly agreed to a halt in developing weapons and have cosigned a treaty to that effect. However, they are both engaged in a covert arms race in which each gr ...

1 travis works as a fire fighter his top priorities are

1. Travis works as a fire fighter. His top priorities are maintaining safety equipment and protecting himself from physical and economic harm. Recently, he even bought life insurance with income protection in the event t ...

Ashlees beach chairs company produces upscale beach chairs

Ashlee's Beach Chairs Company produces upscale beach chairs. Annual demand for the chairs is estimated at 1,000 units. The frames are made in batches before the final assembly process. Ashlee's final assembly department ...

1 under which models of hospital behavior described in

1. Under which models of hospital behavior described in chapter 13 does the tax-exempt status of nonprofit hospitals make the most sense? Under which does it make the least sense? 2. Is the United States still productive ...

Question suppose that we are given an array a with n keys

Question : Suppose that we are given an array A with n keys and k inversions. Here, an inversion is defined as a pair of entries that are out of order in the array. What is the running time of Insertion sort when it is u ...

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