Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Strategic Management Expert

Question: 1. Do you think the Poisson distribution, which assumes independent arrivals, is a good estimation of arrival rates in the following queuing systems? Defend your position in each case.

(a) Cafeteria in your school

(b) Barbershop

(c) Hardware store

(d) Dentist's office

(e) College class

(f) Movie theater

2. The Edge Convenience Store has approximately 300 customers shopping in its store between 9 a.m. and 5 p.m. on Saturdays. In deciding how many cash registers to keep open each Saturday, Edge's manager considers two factors: customer waiting time (and the associated waiting cost) and the service costs of employing additional checkout clerks. Checkout clerks are paid an average of $10 per hour. When only one is on duty, the waiting time per customer is about 10 minutes (or 1 6 hour); when two clerks are on duty, the average checkout time is 6 minutes per person; 4 minutes when three clerks are working; and 3 minutes when four clerks are on duty.

Edge's management has conducted customer satisfaction surveys and has been able to estimate that the store suffers approximately $13 in lost sales and goodwill for every hour of customer time spent waiting in checkout lines. Using the information provided, determine the optimal number of clerks to have on duty each Saturday to minimize the store's total expected cost.

Strategic Management, Management Studies

  • Category:- Strategic Management
  • Reference No.:- M92768946

Have any Question?


Related Questions in Strategic Management

Stategic management assignment - strategic analysislearning

STATEGIC MANAGEMENT ASSIGNMENT - Strategic Analysis Learning outcomes - Knowledge: Understanding of the origins and various approaches to strategy. Understanding of the complexity of the relationships between the organis ...

Please use enterprise rent a car for organizationcreate the

Please use ENTERPRISE RENT A CAR for organization Create the Final Strategic Plan. The Final Strategic Plan contains the elements of all the previous weeks' components and incorporates instructor feedback. The strategic ...

Purpose of assignmentthe purpose of this assignment is to

Purpose of Assignment The purpose of this assignment is to help students understand strategic business terminology (vision, mission, goals, objectives, specific objectives, internal and external scanning), to recognize t ...

Strategic planningdiscuss the elements of strategic

Strategic Planning Discuss the elements of strategic management and explain why it is crucial to an organization's survival. Using a company as an example, explain the difference between a strategy and a business model. ...

Analysis of hrm-related issues and their solutionsyou are

Analysis of HRM-related issues and their solutions You are required to investigate current HRM-related issues in the workplace. You are to conduct research into a workplace of your choice, identify the most contentious i ...

Assignment1 identify your clients target market and size it

ASSIGNMENT 1. Identify your client's target market and size it in quantifiable Units (Buyers and/or Dollars) and estimate the expected growth rate for this target segment. o Note that market sizing is as much an art as a ...

Assessment task - planning implementation and evaluation of

Assessment Task - Planning, implementation and evaluation of a non-communicable disease prevention initiative This assignment uses a suburban state primary school as a setting for the prevention of overweight and obesity ...

Strategy project individual swot and strategy generation

Strategy project: Individual SWOT and strategy generation paper SWOT to TOWS assigned readings Assignment Overview: This week, each individual will use the group's SWOT matrix to generate strategies for overcoming busine ...

Discussion instructionsstrategic planningdiscuss the

Discussion Instructions Strategic Planning Discuss the elements of strategic management and explain why it is crucial to an organization's survival. Excluding the examples from the textbook, give an example of a company ...

Management perspectives assignment -learning outcomes -

Management Perspectives Assignment - Learning Outcomes - Critically analyse the roles, functions that managers perform and discuss the challenges and risks they have to address in today's changing organisations. Discuss ...

  • 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