A cafeteria serving line has a coffee urn from which customers serve themselves. Arrivals at the urn follow a Poisson distribution at the rate of three per minute. In serving themselves, customers take about 15 seconds, exponentially distributed.a. How many customers would you expect to see, on average, at the coffee urn?b. How long would you expect it to take to get a cup of coffee?c. What percentage of time is the urn being used?d. What is the probability that three or more people are in the cafeteria?e. If the cafeteria installs an automatic vendor that dispenses a cup of coffee at a constanttime of 15 seconds, how does this change your answers to (a) and (b)?

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Inventory Management

The supply chain is crucial to a firm's operations as it manages the inflow and outflow of products that are manufactured from the initial stage to the end product. It also considers the raw materials needed at different stages of production and when the work is in progress. Inventory management functions consist of ordering, storing, and procuring the organization's inventory like raw materials, factors, and finished products. It's also used for controlling the number of products for trade and helps manage the organization's inventory and stock. Inventory Management has been defined as having the right inventory, of the right volume, at the right cost.