Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

A small manufacturing facility produces custom-molded plastic parts. The process consists of two sequential operations: mold/trim and assemble/package. Jobs arrive in batches at a mean rate of five jobs every two hours. For any job, the mold/trim process is exponential, with a mean of 15 minutes, and the assemble/ package operation is also exponential, with a mean of 30 minutes. The mold/trim work station has room to store only four jobs awaiting processing. The assemble/ package station has room to store only two waiting jobs. Jobs are transported from the first to the second work station in 10 minutes. If the mold/trim work station is full when a job arrives, the job is subcontracted. If the assemble/package work station is full when a job is completed at the mold/trim operation, the mold/ trim operation cannot process any more jobs until space is freed up in the assemble/package area. Develop a SimQuick model to simulate this process, and explain the results.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92778073
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

A company designs a new laptop computer and wants to

A company designs a new laptop computer and wants to investigate customers' preferences with respect to three select laptop features. The features are Price (High vs. low) Processor Speed (Low vs. medium vs. high) Weight ...

To finance additional inventory arbutus ltd is considering

To finance additional inventory, Arbutus Ltd. is considering forgoing the cash discount on all of its purchases presently offered on terms of 2/10, net 45. No payments will be stretched. Annual purchases are $9.21 millio ...

Which of the following techniques could we use to evaluate

Which of the following techniques could we use to evaluate the effect of sales at one coffee shop versus sales at another coffee shop, so see if the two shops might be cannibalizing business from one another?

Anbspbbb-rated corporate bond has a yield to maturity of

A? BBB-rated corporate bond has a yield to maturity of 11.2%. A U.S. treasury security has a yield to maturity of 9.9%. These yields are quoted as APRs with semiannual compounding. Both bonds pay? semi-annual coupons at ...

How would i calculate this santa fe black-on-white is a

How would I calculate this: Santa Fe black-on-white is a type of pottery commonly found at archaeological excavations at a certain monument. At one excavation site a sample of 588 potsherds was found, of which 350 were i ...

I a survey of 400 adults that say traffic is a problem

In a survey of 400 adults that say traffic is a problem: East reported 36% is a problem, South 33% problem, Midwest 26% problem and West 55% problem. (a) The 95% confidence interval for the proportion from the West say t ...

The monthly sales demand for a new product is uncertain but

The monthly sales demand for a new product is uncertain, but it is considered to be adequately described by a normal random variable with mean 50,000 units and variance 100,000,000. (a) A factory to manufacture the new p ...

How do you calculate true population proportion if your

How do you calculate true population proportion if your defective sample is too small? For example, if you have 50 and defect is 4. Please look below for more details

Suppose you believe that johnson companys stock price is

Suppose you believe that Johnson Company's stock price is going to increase from its current level of $22.50 sometime during the next 6 months. For $250.30 you can buy a 6-month call option giving you the right to buy 10 ...

The distribution of actual weights of 8-oz chocolate bars

The distribution of actual weights of 8-oz chocolate bars produced by a certain machine is normal with mean 7.7 ounces and standard deviation 0.2 ounces. a) What is the probability that the average weight of a random sam ...

  • 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