Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Queuing systems

Suppose customers arrive one at a time, completely at random, at an ATM at the rate of 6 per hour. Customers take an average of 8 minutes to complete their transactions. That is, the service rate is 7.5 per hour.

Historical data have shown that both the inter-arrival and service times closely follow some exponential distribution. Customers queue up on a first-come, first-served basis. Assume that there is only one ATM.

(a) What is the average waiting time in this M/M/1 queue? Please provide the formula, at least one step of calculation, and the correct answer.

(b) What is the average queue length? Please provide the formula, at least one step of calculation, and the correct answer.

(c) Based on the average waiting time and the average queue length, is it necessary for the bank to add another ATM machine? Why?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91628072

Have any Question?


Related Questions in Operation Management

Required words 1500write report on the proficiency of

Required Words 1500 Write report on the proficiency of written and oral communication of strategic management concepts and issues both individual and in-group.

Discussion 2a accurate information on your resume and job

Discussion 2a: Accurate Information on Your Resume and Job Application In this lesson we discussed the importance of gathering information for your resume and job application. Please explain why it is important for the i ...

A summary that paraphrases the central idea of the

A summary that paraphrases the central idea of the leadership theory that you think is most appropriate for your organization (or an organization with which you are familiar). Provide a rationale to support why you think ...

1 need help coming up with a detailed resource sheet for an

1. Need help coming up with a detailed resource sheet for an indoor sports complex. This is for a project management assignment. The sports complex would have a basketball court, tennis court,Volleyball, and weight room. ...

Case study assignment risk assessment strategic planning

Case Study Assignment: Risk Assessment, Strategic Planning, and Policy Creation At the heart of Information Governance is planning to avoid future problems. One of the key ways this is accomplished is through risk assess ...

Homework ndash creating customer-focused healthcare

Homework – Creating Customer-Focused Healthcare Organizations 1. Why is customer service becoming more important to healthcare organizations? 2. Think about your own experience(s) or that of a family member in receiving ...

1 what trade-offs are involved in the decision to purchase

1. What trade-offs are involved in the decision to purchase an ERP software package? 2. Who in the organization needs to be involved in designing and implementing MRP II? Who needs to be involved in the decision to purch ...

1 strategic alternatives if adoptedalways require

1. Strategic alternatives, if adopted, always require substantial change within the organization. always require substantial resources for implementation. may fail. All of the above. 2. Strength-threat alternatives are a ...

1 draw the entityndashrelationship diagram for a company

1. Draw the entity–relationship diagram for a company that has departments and employees. In this company, a department must have at least one employee, and company employees may work in only one department. Describe par ...

1 discuss the factors that influence internal pay

1. Discuss the factors that influence internal pay structures. 2. Why is internal alignment an important policy in a strategic perspective of compensation? 3. Who must a shipper get permission from in order to set off cl ...

  • 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