Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Management Theories Expert

problem 1:

United Dairies Inc., supplies milk to numerous independent grocers throughout Florida. Management wants to develop a forecast of number of half-gallons of milk sold per week.  Sales data (in units) for the past twelve weeks are as follows:

Week 

Sales   

Week 

Sales   

1

2750

7

3300

2

3100

8

3100

3

3250

9

2950

4

2800

10

3000

5

2900

11

3200

6

3050

12

3150

Use exponential smoothing, with, 4. 0 = α to develop a forecast of demand for week 13.

problem 2:

Suppose that at a bank teller window the customers arrive in their cars at the average rate of 20 per hour according to a Poisson distribution. Suppose also that the bank teller spends an average of two minutes per customer to complete the service, and the service time is exponentially distributed.  Customers, who appear from an infinite population, are served on a first-come-first-served basis, and there is no limit to possible queue length.

(i) What is the expected waiting time in system per customer?

(ii) What is the mean number of customers waiting in system?

(iii) What is the probability of zero customers in system?

(iv) What value is utilisation factor?

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M98176

Have any Question? 


Related Questions in Management Theories

Analysis and synthesis of prior research paperprepare an

Analysis and Synthesis of Prior Research Paper Prepare an academic paper (5-7 pages not including cover page or references) in APA format containing analysis and synthesis of prior research, which will be posted to the G ...

Supply chain managementa supply chain involves all the

Supply Chain Management A supply chain involves all the activities associated with how manufacturing, materials, facilities, personnel, transportation, inventory, and other items flow and a supply chain involves all the ...

Instructionsresearch and write a brief answer to the

Instructions: Research and write a brief answer to the following question. Your response should be between 300-400 words. Your work should follow the conventions of Standard American English (correct grammar, punctuation ...

Forecasting comparison presentationidentify a state local

Forecasting Comparison Presentation Identify a state, local or federal policy that impacts your organization or community. Create an 8- to 10-slide Microsoft PowerPoint presentation in which you complete the following: D ...

1 when human resource managers say they are acting

1. When human resource managers say they are acting 'strategically', what might they mean? Illustrate your answer with examples. 2. It has been argued that collective forms of employee participation - unlike individual f ...

Todays workforce is diverse in terms of age and other

Today's workforce is diverse in terms of age and other aspects that influence performance and success. Leaders must both motivate and support employees so that they can continuously adapt to change while creating opportu ...

Iris tried not to smile of course it isnt technically a

Iris tried not to smile. "Of course, it isn't technically a disaster," she explained, "but I understand what you mean. How much information is lost?" Joel looked at her in dismay. "Lost? All of it! We had just saved the ...

Organizational policywrite a 3-4 page paper outlining

Organizational Policy Write a 3-4 page paper outlining either an opportunity that you had implementing an organizational policy or being the recipient (client) of an organizational policy being implemented. Please consid ...

Assume that management desires to achieve the mexican

Assume that management desires to achieve the Mexican break-even point: however, operations will remain in the United States. If variable costs remain constant, what must management do to fixed costs? By how much must fi ...

Assignment organization website reviewdirections select

Assignment: Organization Website Review Directions: Select either an international service organization or a multinational corporation and conduct a preliminary assessment of their website. In your review: Explain your i ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro