Blue Lotus is a bike shop located near a beach resort, which rents its bikes to guests staying in the resort. When a customer requests to rent a bike and no bikes are available (they are either with another customers or being cleaned for rental), customer waits until a bike is available. Once a bike rented out to a customer, the customer keeps it for an average of 1 day. Upon return, the bike is cleaned and tuned-up, which takes half a day (0.5 day). Suppose Blue Lotus has 7 bikes, and demand for bike rental is 4.1 per day. What is the average amount of time a customer waits to receive a bike? (Hint: From the perspective of customer waiting time, 0.5 day of cleaning time would be part of the processing time" so, p = 1+0.5 =1.5 days. Assume CVa = CVp = 1 in your calculations). O 1.197 days O 2.134 days O 0.761 days O 5.380 days
Blue Lotus is a bike shop located near a beach resort, which rents its bikes to guests staying in the resort. When a customer requests to rent a bike and no bikes are available (they are either with another customers or being cleaned for rental), customer waits until a bike is available. Once a bike rented out to a customer, the customer keeps it for an average of 1 day. Upon return, the bike is cleaned and tuned-up, which takes half a day (0.5 day). Suppose Blue Lotus has 7 bikes, and demand for bike rental is 4.1 per day. What is the average amount of time a customer waits to receive a bike? (Hint: From the perspective of customer waiting time, 0.5 day of cleaning time would be part of the processing time" so, p = 1+0.5 =1.5 days. Assume CVa = CVp = 1 in your calculations). O 1.197 days O 2.134 days O 0.761 days O 5.380 days
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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Question
![Blue Lotus is a bike shop located near a beach resort, which rents its bikes to
guests staying in the resort. When a customer requests to rent a bike and no
bikes are available (they are either with another customers or being cleaned for
rental), customer waits until a bike is available. Once a bike rented out to a
customer, the customer keeps it for an average of 1 day. Upon return, the bike is
cleaned and tuned-up, which takes half a day (0.5 day).
Suppose Blue Lotus has 7 bikes, and demand for bike rental is 4.1 per day. What
is the average amount of time a customer waits to receive a bike?
(Hint: From the perspective of customer waiting time, 0.5 day of cleaning time would
be part of the processing time" so, p = 1+0.5 =1.5 days. Assume CVa = CVp = 1 in
your calculations).
O 1.197 days
O2.134 days
O 0.761 days
O 5.380 days](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F157b0bce-f061-46a0-81ad-0a128de7f22e%2Fde9e791c-efe9-4182-8617-a4e43fe29173%2Fxoi1d0e_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Blue Lotus is a bike shop located near a beach resort, which rents its bikes to
guests staying in the resort. When a customer requests to rent a bike and no
bikes are available (they are either with another customers or being cleaned for
rental), customer waits until a bike is available. Once a bike rented out to a
customer, the customer keeps it for an average of 1 day. Upon return, the bike is
cleaned and tuned-up, which takes half a day (0.5 day).
Suppose Blue Lotus has 7 bikes, and demand for bike rental is 4.1 per day. What
is the average amount of time a customer waits to receive a bike?
(Hint: From the perspective of customer waiting time, 0.5 day of cleaning time would
be part of the processing time" so, p = 1+0.5 =1.5 days. Assume CVa = CVp = 1 in
your calculations).
O 1.197 days
O2.134 days
O 0.761 days
O 5.380 days
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