Need help with question B. The fomula is Lmax = In K/ In P The manager of a regional warehouse must decide on the number of loading docks to request for a new facility in order to minimizethe sum of dock costs and driver-truck costs. The manager has learned that each driver-truck combination represents a cost of $205per day and that each dock plus loading crew represents a cost of $1,118 per day. Use Table 18.4.a. How many docks should be requested if trucks arrive at the rate of four per day, each dock can handle five trucks per day, and bothrates are Poisson?Number of dock(s)b. An employee has proposed adding new equipment that would speed up the loading rate to 5.71 trucks per day. The equipmentwould cost an additional $100 per day for each dock. What is the lowest daily total cost that can be achieved with the new equipment?(Round your cost amount to 2 decimal places and all other calculations to 3 decimal places.)The daily total cost with the new equipment is

The rate of service in a firm is calculated by using the service rate, which is a performance…

b. An employee has proposed adding new equipment that would speed up the loading rate to 5.71 trucks per day. The equipment would cost an additional $100 per day for each dock. What is the lowest daily total cost that can be achieved with the new equipment? (Round your cost amount to 2 decimal places and all other calculations to 3 decimal places.) The daily total cost with the new equipment is

b. An employee has proposed adding new equipment that would speed up the loading rate to 5.71 trucks per day. The equipment would cost an additional $100 per day for each dock. What is the lowest daily total cost that can be achieved with the new equipment? (Round your cost amount to 2 decimal places and all other calculations to 3 decimal places.) The daily total cost with the new equipment is

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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