Consider a single server queuing system. The system starts at time t=0. The arrival time of customers is: 0.8, 1.4, 2.7, 3.2, 3.8, 8.0, 8.6, 9.0, 9.2, and 9.8. The departure times are: 2.2, 4.0, 5.0, 6.2, and 10.0. Time is in minutes. The first in first out queuing discipline is followed. Simulate this system for six clients and estimate:i) The average delay in the waiting line ii) The average number of clients in the waiting line at any time t iii) The expected utilization of server.

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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.