2. A computed utility function for a travel in a medium-sized city by automobile, bus and light rail is given as:U = a- 0.002X – 0.05Y where X is the cost of travel (php) and Y is the Travel time(minutes).ModeXYAutomobile-0.3013025Bus-0.357535Light Rail-0.409040If a parking fee of 50Php per trip is imposed, what would be the split to the other modes?

Given:- U = a - 0.002X - 0.05Y Where, X = Cost of travel (php) Y = Travel Time (minutes)…

Answered: 2. A computed utility function for a…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Similar questions

Consider the table attached below:Assuming an M/M/1 setup, a service rate of 18 customers every 10 minutes, and a traffic intensity of 0.90.Assume a probability density function characterized by the exponential distribution.i). Compute the corresponding variates.ii). How robust is the above derived density function?
Consider a Poisson queue with the following steady-state probabilities: po = 1/3, p1 = 1/2, p2 = 1/6, and pn = for n = 3,4,5, ... . What is the minimum number of stools that would accommodate all customers in the system at least 75% of the time in steady state? 3 stools O 2 stools none of the other choices O 1 stool
a. The probability that the time between any two successive arrivals exceeds20 minutes
3 The M/M/1 Queue During peak time, customers arrive at a bank teller window (with a single teller) at a rate of 23 per hour, where the teller can serve 25 per hour. This problem will allow you to investigate (via a simple extension of the mean queue size formula) the effect of highly-variable service times on our familiar queuing metrics. The diagram below stylizes the queuing system: Waiting Service Calculate the marginal probability P (T > oT). a. O b. 0.25 O c. 0.63 O d. 0.75 Calculate the mean time a customer spends at the bank (waiting time plus service time) in minutes. O a. 30 minutes O b. 27.6 minutes O c. 2.4 minutes O d. 7 minutes
Which travelers would most likely be limited to a per diem amount for their hotel stay? a) Airline employees Ob) Government employees c) Leisure guests d) Corporate guests
11. Automobiles arrive at a tollbooth on a highway completely at random according to a Poisson process with rate À = 4 cars per hour. Determine the following: a. The probability that the time between any two successive arrivals exceeds 20 minutes. b. The probability that exactly four cars arrive in any given hour. c. The probability that more than five cars arrive in any given hour. d. The probability that more than 10 cars arrive in any given two-hour period. e. A person working for the transportation department begins counting arrivals at the tollbooth at 8 A.M. What is the probability that he counts 20 arrivals before 12 noon? (Use a normal approximation for your calculations.)

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