Customers arrive at Cochinito Bank according to a Poisson distribution, with a mean of 45 customers per hour. Transactions per customer take around 5 minutes and are distributed exponentially. The bank wants to use a single line and several boxes, similar to those used in airports and some dependencies. The manager is aware that customers may go to other banks if they perceive their waiting in line to be “excessive”. For this reason, the manager wants to limit the average wait time in the queue to no more than 30 seconds. How many boxes should the bank put into service?

Q: Describe at least 4 operating characteristics you can determine by performing queue analysis. What…

A: Queue Analysis:                 Queue analysis is very important for every business model nowadays…

Q: nve the average waiting time W, in a 2-stage tandem queueing model.

A: The average waiting time W, in a 2-stage tandem queuing model

Q: Town Taxi uses three dispatchers to handle requests for service and to dispatch the cabs. The…

A: Idle time percentage is the period when the representatives are not working or occupied with some…

Q: At the stadium, there are seven lines for arriving customers, each staffed by a single worker. The…

A: m = number of servers or service lines

Q: The queuing models assume that customers are served in what order?

A: There are various assumptions with respect to the order of service in queuing models. These are:…

Q: Assuming that cars arrive at a toll, on average, every 0.5 minutes, and the toll has only one…

A: Queueing model is used to Measure the performance of the system and plan the capacity accordingly.

Q: Suppose that arrivals are distributed according to the Poisson distribution with a mean of 0.2 unit…

A: Given data, Arrival rate, = 0.2 per period Service rate, = 4 periods = 0.25 per period Number of…

Q: Using an M/M/1 queuing system as an example demonstrate how the event list in a simulation model…

A: The M/M/1 model refers to the single server model with exponential service time. There is no limit…

Q: The Seaboard Shipping Company has a warehouse terminal in Spartanburg, South Carolina. The capacity…

A: Given Capacity of each terminal is three trucks Arrival Rate(λ) is 1.67 trucks per hour serving…

Q: Two doctors work at a hospital emergency room, the inter-arrivals of patients follow a Poisson…

A: ANSWER: P0+P1+P2 =1-λμ+λμ1-λμ+λμ2                             = 1-λμ1+λμ+λμ2

Q: Plesase use Single Server Model and Multiple Server Model  to solve this question. Drivers working…

A: Average vehicle arrival rate λ = 3.5 vehicles per hour Average service rate μ = 1Average service…

Q: In a D/D/1 queueing systems, the arrival rate and service rate are equal to 6 customers/hour and 12…

A: In a D/D/1 queueing systems, average queue length determinate with following formula: Average queue…

Q: The organizers of a conference in the Houston Convention Center are evaluating the possibility of…

A: Given data  Arrival rate (λ) = 19 attendee per hour  Service rate (μ) = 14 minutes  Service rate…

Q: True or False?   The average number of customers in queue plus the number of servers equals the…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Coffee Shop campus has one barista. Students arrive at the rate of 20 students per hour according a…

A:

Q: For each of the following queuing systems, indicate whether it is a single- or multiple-servermodel,…

A: As per the question, only one type of queuing system has been mentioned that is of a bank.

Q: Customers enter the camera department of a store at an average rate of six per hour. The department…

A: The given problem corresponds to the M/M/1 queuing model which is a single-server queuing system…

Q: Town Taxi uses three dispatchers to handle requests for service and to dispatch the cabs. The…

A: Arrival rate (lambda) = 35 calls per hour Service rate (each dispatcher) (Mu) = 60/3 = 20 calls per…

Q: A small bagel stand known as Andres by the Sea offers drive-thru service to customers in Sants…

A:

Q: Wesley is having a busy afternoon working at the Cool ice cream shop. He is the only employee…

A:

Q: At a fashion retailer, there are 3 cashiers providing On average, customers arrive at the checkout…

A: A Small Introduction to Retailers Retail is an agreement where the dealer offers little amounts of…

Q: Why do queues arise at a service facility even though there is more than enough capacity to meet…

A: Unlike items, services are intangible, meaning they was seen, handled, felt, or felt but have a…

Q: Netflix is a DVD movie rental company. They stock 50 DVDs of a recent blockbuster movie available…

A: To calculate the average number of unrented DVDs in Netflix's warehouse, we need to calculate the…

Q: BOBO Van is a start-up company which develops an app to receive orders from customers and provide…

A: Given- Arrival Rate λ = 6020= 3 orders per hourService Rate μ = 6015= 4 orders per hour

Q: An M/M/1 queueing system has that customers arrive to it at a rate of 5 per hour, i.e., its…

A: Queuing theory Is about  the mathematical study of of waiting lines, or queues. Queuing models…

Q: The manager of a bank wants to use an MyMys queueingmodel to weigh the costs of extra tellers…

A: a). The data given is,  λ=60 customers per hour   μ=15 customers per hour(4 minute)  Wage rate=…

Q: Customers arrive randomly to an airport shoe-shine stand with only ONE attendant at a rate of 8 per…

A: The correct solution of the given statement is in Step 2.

Q: The VBO grocery store has a checkout counter with a full-time cashier. Customers arrive randomly…

A: The store has a checkout counter with a full-time cashier. This means this is a single-server model.…

Q: Marty's Barber Shop has one barber. Customers have an arrival rate of 2.2 customers per hour, and…

A: Find the given details below:

Q: In a queueing system, customers arrve once every 3 hours (standard devlation = 4) and services take…

A: Arrival rate = 1/3  Service rate = 1/2   The average number of customers in the system = Arrival…

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.