Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Operations research: Queuing theory using TORA

Customers arrive at a thrift bank according to a poisson distribution with a mean of 45 customers per hour. Transactions per customer last about 5 minutes and are exponentially distributed. The bank wants to have a single line multiple-teller operation, similar to the ones used in airports and post offices. The manager is conscious of the fact that customers may switch to other banks if they perceive that their wait in line is "excessive". For this reason, the manager wants to limit the average waiting time in the queue to no more than 30 seconds. How many tellers should the bank provide?

I need help in how to enter this into TORA, and how to interpret the results.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91643110
  • Price:- $20

Guranteed 24 Hours Delivery, In Price:- $20

Have any Question?


Related Questions in Operation Management

Ecr in the ukdutchman paul polman now ceo of unilever did a

ECR in the UK Dutchman Paul Polman, now CEO of Unilever, did a stint as General Manager of Procter & Gamble UK and Eire from 1995 to 1999. While admiring the UK’s advanced retailing systems, he saw opportunities for all ...

Discussion questions 1 what organizational conditions seem

Discussion Questions 1. What organizational conditions seem to support creative thinking at Nottingham-Spirk? Why do these conditions support creativity? 2. Explain how the converging-diverging sessions at Nottingham-Spi ...

Mr maust who had a long-term relationship with the

Mr. Maust, who had a long-term relationship with the Pennsylvania-Lake Erie Railroad Company for the supply of diesel fuel, suggested that a formal contract be agreed upon by the parties to cover future supplies of fuel. ...

Read the short introduction to enterprise resource planning

Read the short introduction to Enterprise Resource Planning Systems on page 426 in your text. In 300-500 words, comment on your experience as either a consumer, or employee using cloud computing (ERP). Detail the advanta ...

1 provide arguments for and against international trade

1. Provide arguments for and against international trade. Discuss trade agreements such as NAFTA, European union and ASEAN. 2. Discuss the role of cryptography in maintaining confidentiality and privacy of data. 3. What ...

You work part-time at the customer service desk at a home

You work part-time at the customer service desk at a home improvement store in your suburban town. It is late September and in walks a man who firmly but politely presents his receipt and insists on returning the barbecu ...

1 what is one group of residents in the nyc metro region

1. What is one group of residents in the NYC metro region which needs assistance from a development organization? 2. How has this group been framed by the media or larger community? 3. What is one way in which NYC could ...

Find a company that you think has ethics social

Find a company that you think has ethics, social responsibility, or environmentally sustainable polices that directly contribute to its competitive advantage. Be specific about how such policies contribute to the firm's ...

Analyze a website to determine how it fills the

Analyze a website to determine how it fills the characteristics of technical communication explained in this chapter. Use any site unless your instructor directs you to a certain type (e.g., major corporation, research a ...

The state of minnesota passed a law requiring paint

The State of Minnesota passed a law requiring paint manufacturers to recycle paint. Under current law, consumers of paint take unwanted paint to county or state recycling centers for disposal. Starting in the summer of 2 ...

  • 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