An average of 40 cars per hour (interarrival times are exponentially distributed) are tempted to use the drive in window at the Hot DogKing Restaurant.If  a total of more than 4 cars are in line (including the car at the window) a car will notenter the line. Ittakes an average of 4 minutes(exponential distributed) to serve a car. (a) what is the average number of cars waiting for the drive-in window(not including a car at the window) (b) On the average, how many cars will be served per hour? (c) I have just joined the lineat the drive-in window. On the average, how long will it be before I recieve the food?

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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.