Ask Management Theories Expert

Question: The management of a major ski resort wants to simulate the rental program during the high season.* The resort has two types of customers: people who pay cash and people who use a credit card. The interarrival times of these customers is exponentially distributed with means of 130 and 60 s, respectively. After arrival, customers must fill out a waiver form. The time taken to fill out the waiver form is normally distributed with a mean of 60 and a standard deviation of 20 s.

After filling out the form, customers get in-line to pay. Time to pay depends on the method of payment. The time required to pay in cash is uniformly distributed between 30 and 45 s; the time required to pay by credit card is uniformly distributed between 90 and 120 s.

Three types of rental equipment-boots, skis, and poles-are rented in that order of frequency. Not everyone rents all three types of equipment because some people already have some of the equipment. After paying, 80% of the people rent boots, 10% go directly to skis, and the rest only rent poles. At the boot counter, an employee takes a normally distributed time with a mean of 90 and a standard deviation of 5 s to obtain the boots for each customer. The time to try the boots is uniformly distributed between 60 and 240 s. About 20% of the people need a different size boot; the rest go to get their skis.

At the ski rental counter, everyone waits until a resort employee is free to obtain the right size ski, which takes a uniformly distributed time between 45 and 75 s. Twenty percent of these people need their bindings adjusted. The binding-adjustment process is exponentially distributed with a mean of 180 s. (The binding-adjustment process is considered separately in terms of staffing.) Seventy percent of the people go on to get poles; the rest leave. Ninety percent of the people who get their bindings adjusted go on to get poles, and the rest leave. At the station where the poles are rented, service is normally distributed with a mean of 60 and a standard deviation of 10 s.

a. Assume that one employee is located in each service station (one at the cash register, one at the boots counter, one at the skis counter, and one at the poles). Simulate this process for 60 days and collect the daily average cycle time. Set a 95% confidence interval with the data collected during the simulation.

b. Test the hypothesis (using a 5% significance level) that a difference in the mean cycle time results when one employee is added to the boots counter.

c. Test the hypothesis (using a 5% significance level) that a difference in the mean cycle time results when one employee is added to the ski counter.

d. Test the hypothesis (using a 5% significance level) that a difference in the mean cycle time results when two employees are added, one to the boots counter and one to the ski counter.

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M92272688

Have any Question?


Related Questions in Management Theories

Assignment -for this assignment analyze and discuss your

Assignment - For this assignment, analyze and discuss your personal leadership style. Based on your experiences, current readings, work experience, education, and use of self-assessment instruments describe what you thin ...

Assignment -personal reflection 1 -instructions - watch

Assignment - Personal Reflection 1 - Instructions - Watch Milgram's obedience video: Milgram Experiment Proves We Blindly Obey Authority. Consider the following. Christ called his disciples to follow him (Mark 1:17). He ...

Assignment -instructions - please follow instructions for

Assignment - Instructions - Please follow instructions for all for Personal Learning Journal. And each personal learning journal should be of 300words. Each student will keep a personal journal to reflect and record thei ...

Healthcare information technology overview the current

Healthcare Information Technology Overview: The current healthcare industry utilizes a plethora of healthcare information technology (HIT) systems. HIT systems are designed to enhance quality outcomes, prevent adverse ev ...

Archetypes in actionsenge ross smith roberts amp kleiner

Archetypes in Action Senge, Ross, Smith, Roberts, & Kleiner (1994) noted: At its broadest level, systems thinking encompasses a large and fairly amorphous body of methods, tools, and principles, all oriented to looking a ...

Assessment descriptionyou are required to read the

Assessment Description You are required to read the following journal article article: 1. How Risky is Your Company? HBR. May-June 1999 You are also required to read a fictional case study based on a company that will be ...

Discussion - this discussion deals with the important topic

Discussion - This Discussion deals with the important topic of whether money is a motivator for increased job performance and satisfaction. Look at your own history of how you have been compensated, what problems you saw ...

Question - choose a product or technology interview five

Question - Choose a product or technology. Interview five consumers who buy that product and ask them what major problems they have with the product (or what major things they dislike about it). Then ask them to describe ...

Questions -1 choose an industry and then use the library or

Questions - 1. "Choose an industry and then use the library or the Internet to find data from secondary sources that will be highly useful in developing a marketing plan." Start thinking of the industry that relates to t ...

Developing leaders and organisations assessment - report on

Developing, Leaders and Organisations Assessment - Report on Promoting Individual Informal Workplace Learning Brief - You are the newly-appointed Human Resource Advisor in a medium-sized business that employs approximate ...

  • 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