During registration at State University every semester students in the college of business must have their courses approved by the college advisor. It takes the advisor an average of 12 minutes to approve each schedule and students arrive at the advisor's office at a rate of 3 per hour, according to A Poisson Distribution. Calculate  the operating characteristics (Po, L, Lq, W, Wq and Pw) for this system.  B) The dean from the college has recieved alot of complaints from students about the length of time they must wait to have their schedule approved. The dean therefore add an additional college advisor to the system describe in this problem so that it is now a multi-server queuing  system with two channels. Calculate the operating characteristic channel describe in part A.

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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.