Ask International Economics Expert

A) Sal's International is a popular haircutting and styling salon near campus of University of New Orleans. Four barbers work full-time and spend an average of fifteen minutes per customer. Customers arrive throughout the day at an average rate of 12 each hour. All arriving customers are assigned a waiting number. Arrivals tend to follow the Poisson distribution, while service time is exponentially distributed. Assuming an infinite population source, determine the following:
1. What is the average number of customers in the salon?
2. What is the average time that a customer spends in the salon?
3. What is the average time a customer spends waiting to be attended?
4. What is the average number of customers waiting to be attended?

(B) Sal is now considering changing the queuing characteristics of his salon. Upon arrival, instead of being assigned waiting numbers, customers will be able to choose the barbers they prefer. Assuming this selection does not change while the customers are waiting for their barbers to become available and the requests for each of the four barbers are evenly distributed, answer the following:

What is the average number of customers in the salon?
What is the average time that a customer spends in the salon?
What is the average time a customer spends waiting to be attended?
What is the average number of customers waiting to be attended?
(C) Explain why the results from parts (A) and (B) are different.

 

International Economics, Economics

  • Category:- International Economics
  • Reference No.:- M9292730

Have any Question? 


Related Questions in International Economics

Part of the return on the investment comes from the asset

Part of the return on the investment comes from the asset itself and part from the currency of the foreign currency. agree or disagree?

Legal aspects of international trade and enterprisetopic

Legal Aspects of International Trade and Enterprise TOPIC for ASSIGNMENT: Bumper Development Corp. Ltd. V. Commissioner of Police of the Metropolis and Others (For case review, refer Textbook: pp. 150-153) ASSIGNMENT GUI ...

  • 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