Buses arrive at the downtown bus stop and leave for themall stop. Past experience indicates that 20% of the time,the interval between buses is 20 minutes; 40% of the time,the interval is 40 minutes; and 40% of the time, the intervalis 2 hours. If I have just arrived at the downtown bus stop,how long, on the average, should I expect to wait for a bus?

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A: In the waiting line management, system performance measures include- II. the average number of…

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A:

Q: Lenny, a graduate research assistant "moonlights" at the short order counter in the student union…

A: Mean arrival rate λ=8 per hour Mean service time μ=5 minutesTrafic intensity S=λ/μ=(8/60)/5=2/3

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A:

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A: Given that:

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Q: Why does queuing theory emphasise the steady-state condition too much?

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A:

Q: At a border inspection station, vehicles arrive at the rate of 10 per hour in a Poisson…

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A: The value of D is 0.575 and F is 0.920 when N is 5, M is 1, and X is 0.125.

Q: ermediate calculation your ree decimai places.) What is the average number of customers in the…

A: THE ANSWER IS AS BELOW:

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A:

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A: Service rate is the rate at which the customers are being served by the worker in an organization.

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.