Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Assignment- Wait Lines and Queuing Theory Models

Scenario One: Automobiles arrive at the drive-through window of the Elm Street branch of the local bank at the rate of 1 every ten minutes. The average service time is 8 minutes. The Poisson distribution is appropriate for the arrival rate and service times are exponentially distributed.

Question 1: What is the average number of customers in the system (in line plus being served)?
Question 2: What is the average time a customer spends in the system?
Question 3: What is the average number of customers in line "behind" the customer receiving service (queue)?
Question 4: What is the average time customers spend waiting to receive service?
Question 5: What is the probability the customer service person is busy?
Question 6: What is the percent of time (or the probability) that there are zero customers at the serving window?
Question 7: What is the probability that there are more than two customers in the system?
Question 8: What is the probability that there are exactly two customers in the system?
Question 9: What is the probability that there are two or less customers in the system?
Question 10: What is the probability that there are less than two customers in the system?

Scenario Two: The salary and benefits for a bank teller at the Elm Street branch is $16.50 per hour. If it has been estimated that the waiting time cost per hour is $65.00 per hour in line. Assume the bank is open 8 hours each day.

Question 11: How many customers would enter the bank's drive-in system on a typical day?
Question 12: How much total time would the customers spend waiting in line (system) during the entire day if one lane were open?
Question 13: If only one lane is open, what is the total daily waiting time cost of the system?
Question 14: If only one lane is open what is the total wait and service cost of the system?
Question 15: How much total time would the customers spend in line waiting to be serviced (queue) during the entire day if one lane were open?
Question 16: If only one lane is open, what is the daily total cost of thequeuingwait time?
Question 17: If only one lane is open what are the total service and queuing wait time costs?

Scenario Three: On Friday's the Elm Street branch opensa secondlane (window)during its 8 hours of operation in order to accommodate employees from a local manufacturing plant who want to deposit their paychecks. When a customer in the single line reaches the front of the line, it would go to the next available lane (window)for service. On Friday's customers arrive at the rate of about10 every hour according to a Poisson distribution and, on average,eachcustomer service person can process a transaction every 3 minutes, following an exponential distribution. The salary and benefits for a bank teller at the Elm Street branch is $16.50 per hour. If it has been estimated that the waiting time cost per hour is $65.00 per hour in line.

Question 18: What is the average number of customers in the system?
Question 19: What is the average number of customers in line "behind" the customer(s) receiving service?
Question 20: What is the average waiting time a customer spends in the system?
Question 21: What is the average time a customer is in the queue waiting to be serviced?
Question 22: What is the probability that there are no customers in line or being serviced?
Question 23: What percentage of the time are the customer service persons busy?
Question 24: How much total time would customers spend waiting in line to be serviced (queue) on a typical day?
Question 25: What is the total daily cost of customers waiting in line to be serviced (queue) on a typical day?
Question 26: What is the total daily cost of customers waiting in the system on a typical day?
Question 27: What is the total daily cost of customers waiting in the system plus the cost of service on a typical day?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92187613

Have any Question?


Related Questions in Operation Management

Health care marketing1- true or false social media is a

Health Care Marketing 1- True or False? Social media is a unique source of data, as it is not controlled by the researcher. True False 2- The major limitation to mail surveys is: A. the growing cost of postage. B. indivi ...

Question develop a plan for managing your debt how many

Question : Develop a plan for managing your debt. How many sources of debt do you current have, and what are the balances owed on each? What specific behavioral steps do you personally need to take to match your debt asp ...

1 options contracts contrast with futures becausea options

1. Options contracts contrast with futures because A. options are not traded on organized exchanges. B. options do create an obligation for the owner of the instrument. C. options are derivatives. D. None of the above. 2 ...

Explain the specifics of how these three common drivers

Explain the specifics of how these three common drivers most likely contributed to the fast food industry changes. - Changes in Cost and Efficiency -Changing societal concerns, attitudes, and lifestyles. -Changes in ann ...

Answer the following questions choose one of the questions

Answer the following Questions : Choose one of the questions set out below: Your answer should be typed (double space) and in the region of 500 words. 1. How would privatization, deregulation and removal of barriers to f ...

What are some of the nonquantitative factors in valuing a

What are some of the nonquantitative factors in valuing a business? With a college business degree in hand, you are headed for a job in the family business. As a result of your education, you have become aware of some ou ...

Does having legal access to oral contraceptives cause women

Does having legal access to oral contraceptives cause women to get married later? This is a big task, so the work will span two assignments. There are multiple goals for this task: Understand and use difference-in-differ ...

Notorious for their rigidity and irrelevance to management

Notorious for their rigidity and irrelevance to management action? A. Connected activities B. Planning and budgeting processes C. Customer Value D. information technology architecture E. E-business architecture planning ...

Persuasive speech outline draft estimated time to complete

Persuasive Speech Outline Draft Estimated time to complete: 2 hours Please complete the following steps for your discussion post and response. The post should be written in outline form. To prepare the outline, use the f ...

Case studybr investments is a reputed finance company

Case Study B.R Investments is a reputed finance company having 15 branches in different part of the country. In the home office there are more than 200 employees. This company has a performance rating under which the emp ...

  • 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