Purse styles remain on the market for 12 years after creation. When a certain purse company creates a new style, purses of the new style are developed at one of three independent workers before being put on the market. Each purse is developed by a single worker, and that worker can only work on one at a time. The development time to create a new style is volatile. The company creates a new style every 5 months on average, and the average time to develop that purse style is 12 months. a) How busy are the purse company's workers on average? b) How long does it take for an average purse style from being created to start the development process? c) On average how many purse styles are under development or waiting to be developed?

Purse styles remain on the market for 12 years after creation. When a certain purse company creates a new style, purses of the new style are developed at one of three independent workers before being put on the market. Each purse is developed by a single worker, and that worker can only work on one at a time. The development time to create a new style is volatile. The company creates a new style every 5 months on average, and the average time to develop that purse style is 12 months. a) How busy are the purse company's workers on average? b) How long does it take for an average purse style from being created to start the development process? c) On average how many purse styles are under development or waiting to be developed?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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