Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Larry Ellison starts a company that manufacturers high-end custom leather bags. He hires four employees. Each employee only begins working on a bag when a customer order has been received and then she makes the bag from beginning to end. The average production time of a bag is 3 days with a standard deviation of 6 days. Larry expects to receive one customer order per day on average. The inter-arrival times of orders have a coefficient of variation of 1.

What is the expected duration, in days, between when an order is received and when production begins on the bag (i.e. include the time waiting to start production but do not include the time in production)? (The accuracy should be of two digits after the decimal places.)

Please include your explanation.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92599665

Have any Question?


Related Questions in Operation Management

Rights of shareholders fcr realty llc and clifford b green

Rights of Shareholders. FCR Realty, LLC, and Clifford B. Green & Sons, Inc., were co-owned by three brothers—Frederick, Clifford Jr., and Richard Green. Each brother was a shareholder of the corporation. Frederick was a ...

A company produces plastic powder in lots of 2000 pounds at

A company produces plastic powder in lots of 2000 pounds at the beginning of each week. The company uses the powder in an injection moulding process at the steady rate of 50 pounds per hour for an eight-hour day, five da ...

An appliance manufacturer purchases the tub portion of the

An appliance manufacturer purchases the tub portion of the washing machines from a supplier with these prices: less than 500, $20 each; 500-999, $19 each; 1,000-1,399, 18 each; 1,400-1,999, $17 each; and 2,00 or more, $1 ...

Unit 5 learning activity instructionscapsim core

Unit 5 Learning Activity Instructions Capsim Core "Competition" Round 1 and 2 In this Learning Activity, you will complete Round 1 and 2 of "Competition" in the Capsim Core simulation. Follow these steps in the Unit 5 Le ...

1 does a nonprofit have an ethical responsibility not to

1. Does a nonprofit have an ethical responsibility not to violate its volunteers’ psychological contracts? Why or why not? How can a nonprofit try to avoid breaches of the psychological contract? 2. What are the definiti ...

Complete a balanced scorecard in chart form for apple inc

Complete a balanced scorecard in chart form for Apple Inc that includes the firms's critical success factors in each of the four areas: (1) financial performance, (2) customer satisfaction, (3) Internal processes, and (4 ...

Discussion postintroductionwatch the video and read the

Discussion Post INTRODUCTION: Watch the video and read the following articles: Reliance Dreamworks closes deal Reliance Dreamworks Update India's film industry to grow 50% by 2014 Inside Bollywood's Globalisation Playboo ...

Menu analysis is typically associated with commercial

Menu analysis is typically associated with commercial foodservice operators who charge individual selling prices for their menu items.  In many cases, however, noncommercial foodservice operators receive a fixed amount o ...

If you were the senior vice president of human resources

If you were the Senior Vice President of Human Resources for a business that has used a very traditional approach to Performance Management, How would you convince your Senior Leadership to actively support moving the co ...

1 what is the comprehension continuum and why is it

1. What is the "Comprehension Continuum" and why is it important to a QMS? 2. When can a city or county be required to follow grant assurances? 3. How does Culture influence the Leadership the Concepts.

  • 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