Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

The new-accounts office at the Savings and Loans Bank enrolls all new customers in checking accounts. During the three-week period in September encompassing the beginning of the new school year at State University, the bank opens a lot of new accounts for students. The bank estimates that the arrival rate during the period will be Poisson distributed with an average of four customers per hour. The service time is exponentially distributed with an average of 12 minutes per customer to set up a new account. The bank wants to determine the operating characteristics for this system to determine if the current person is sufficient to handle the increased traffic.

a. Probability of no customers in the system

b. Average number of customers in the system

c. Average number of customers waiting

d. Average time in the system

e. Average time waiting

f. Probability that the new-accounts office will be busy and that the customer must wait

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M9346301

Have any Question?


Related Questions in Operation Management

The manufacturing process at lone star company lsc is

The manufacturing process at Lone Star Company (LSC) is following a 70% learning curve. More recently, the company produced four conveyors with the last one requiring 490 labor hours to complete (i.e., P4 = 490). LSC 2 h ...

Deming revisitedyou read about demings 14 points and

Deming Revisited You read about Deming's 14 Points and discussed their merits, or lack thereof. It is those 14 Points that comprise the SPK and are the forebears of the agile and lean movements so popular today. So expla ...

This is related to sustainability management in supply

This is related to Sustainability Management in Supply Chains (1) What do you understand by the term “sustainability”? Why do you think that it is increasingly becoming an important issue considered by many companies aro ...

Chip davis has been running his car dealership business

Chip Davis has been running his car dealership business successfully for five years. This year, he started to suffer losses because some of his customers have defaulted on their payments. At the end of the third quarter ...

Question discuss an example of a company engaging in poor

Question : Discuss an example of a company engaging in poor ethics and/or social responsibility. What were the effects on the business and the community. Discuss 2 pages double space. Times New Roman

1 why shouldnt we never use objective when writing a resume

1. Why shouldn't we never use objective when writing a resume? Why or Why not? 2. Discuss how new technologies are likely to impact training in the future and what new skills trainers will need to be successful in the fu ...

1 based on the client and competition identify most

1. Based on the client and competition, identify most promising new market for your client. Where would the product be in most demand (people who want and can afford it)? 2. Rohan is asked by his supervisors to study the ...

In the highly turbulent airline industry southwest airlines

In the highly turbulent airline industry, Southwest Airlines is one of the healthiest companies, continuing growth and profit in a climate that is threatening the survival of other airlines. Much of its success is attrib ...

Household appliances corp produces 3 products lamps

Household Appliances Corp produces 3 products: lamps, lightbulbs, and extension cords. Lamps take 6 minutes of labor to produce, lightbulbs take 3 minutes, and extension cords take 4 minutes. Lamps require 8 electric cab ...

This assignment will help you prepare for the next modules

This assignment will help you prepare for the next module's assignment about Workforce 2020. Workforce 2020 refers to the type of workforce leaders are likely to encounter in 2020. The concept refers to the workforce tha ...

  • 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