Mr. Cherry owns a gas station on a highway in Vermont. In the afternoon hours, thereare, on average, 30 cars per hour passing by the gas station that would like to refuel.However, because there are several other gas stations with similar prices on the highway, potential customers are not willing to wait—if they see that all of the pumps areoccupied, they continue on down the road.The gas station has three pumps that can be used for fueling vehicles, and cars spendfour minutes, on average, parked at a pump (filling up their tank, paying, etc.).a. What is the offered load?b. What is the implied utilization?c. What is the capacity of the gas station (cars per hour)?d. What is the probability that all three pumps are being used by vehicles?e. How many customers are served every hour?f. What is the utilization of the pumps?g. How many pumps should it have to ensure that it captures at least 98 percent of thedemand that drives by the station?
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Mr. Cherry owns a gas station on a highway in Vermont. In the afternoon hours, there
are, on average, 30 cars per hour passing by the gas station that would like to refuel.
However, because there are several other gas stations with similar prices on the highway, potential customers are not willing to wait—if they see that all of the pumps are
occupied, they continue on down the road.
The gas station has three pumps that can be used for fueling vehicles, and cars spend
four minutes, on average, parked at a pump (filling up their tank, paying, etc.).
a. What is the offered load?
b. What is the implied utilization?
c. What is the capacity of the gas station (cars per hour)?
d. What is the probability that all three pumps are being used by vehicles?
e. How many customers are served every hour?
f. What is the utilization of the pumps?
g. How many pumps should it have to ensure that it captures at least 98 percent of the
demand that drives by the station?
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
