A small town with one hospital has two ambulances to supply ambulance service. Requests forambulances during non-holiday weekends average .45 per hour and tend to be Poisson-distributed.Travel and assistance time averages two hours per call and follows an exponential distribution.Find:a. System utilizationb. The average number of customers waitingc. The average time customers wait for an ambulanced. The probability that both ambulances will be busy when a call comes in

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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.