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- Subject: ( Entrepreneurship ) Question no 1 Write a note on the Role of the entrepreneur in the economic development generation of services.Question Help * Problem 9 Wingman Distributing Company is expanding its supply chain to include a new distribution hub in South Bend. A key decision involves the number of trucks for the facility. The particular model of truck Wingman is considering can be used 6,000 miles a month and will cost $1,100 a month in capital costs. In addition, each mile a truck is used costs $0.90 for maintenance. A local truck rental firm will rent trucks at a cost of $1.70 per mile, which includes the maintenance costs for those miles. Given the distribution of likely requirements for trucks, management has come up with three alternatives to consider as shown in the table. Which fleet size will yield the lowest expected monthly costs for Wingman? A fleet size of Monthly requirements (miles) Probability Fleet size (trucks) 30,000 0.20 5 60,000 0.50 10 trucks is the lowest cost alternative, with expected monthly costs to Wingman of $. (Enter your responses as integers.) 90,000 0.30 15Question 8.1 The computer lab at State University has a help desk to assist students working on computer spreadsheet assignments. The students patiently form a single line in front of the desk to wait for help. Students are served based on a first-come, first-served priority rule. Students arrive at the help desk at the rate of 4 every 10 minutes. The average service time is 2 minutes. The Poisson distribution is appropriate for the arrival rate and service times are exponentially distributed.
- 2Question 5 AIT computer department purchases a new computer every two years with preferences for three models; T1, T2 and T3. If the present model is T1, the next computer may be T2 with probability 0.2 or T3 with probability 0.15. If the present model is T2, the probabilities of switching to T1 and T3 are 0.6 and 0.25 respectively. And if present model is T3 then, the probabilities of switching to T1 and T2 are 0.5 and 0.1 respectively. Represent the situation as a Markov chain.Question related to gueing theory don't copy In a restaurant, two types of foods are available. Arival rate of customers is 26 per hour Poisson and average service time is 6 minutes exponential. The arriving customers can be served in three ways. The first way is to open two separate counters for the two types of foods. The second way is to pool the services, and offer both types of foods in both the counters. The third way is to open a large number (0) of self-service counters for the customers. Which way will lead to the maximum busy period of the system? wwm
- QUESTION 5 How many ticket vending machines will be needed if the hourly passenger demand is expected to be 8,750 and it takes each passenger 8 seconds to retrieve a ticket? Tickets are mandatory for all passengers. Round up your answer to the nearest integer (i.e. ticket vending machine).Q.2 Interarrival time of pieces at the given flow-shop is exponential with mean 10 minutes. Operation time of M1 machine has Uniform distribution with a=3 and b=11. Operation time of M2 machine has Normal distribution with µ = 5; 0x = 1.5; Calculate the average waiting time in queue and total machine idle time. M1 M2128 A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 28,500 units of output each month. However, it has an absolute maximum output capability of 35,000 units per month, and can produce as little as 7,000 units per month without corporate headquarters shifting production to another plant. If the factory produces 18,900 units in October, what is the capacity utilization rate in October for this factory? Note: Round your answer to 1 decimal place.
- Question 1. Read the case below about Square, Inc then answer the following questions TRUE/FALSE In October 2015, amid rising fears about the security of credit card transactions, financial institutions and businesses made the transition to using chip cards. Unlike the quick swipe of a magnetic stripe on the back of traditional credit and debit cards, chip cards have to be left inside the terminal while the embedded chip verifies the transaction. While there is no consistent method for measuring transaction speed, news agencies report average chip speeds of anywhere from 8 seconds to 13 seconds. The switch to chip readers was precarious, with many businesses taping over the chip card slots in the terminals until the kinks were worked out. Even after a year, some businesses still could not process chips and continued to utilize the magnetic stripe for transactions. Financial institutions thought the additional security benefits of the chips would overshadow the added wait times. Yet…Question 1Q:- write down the solutions to solve traffic safety issues in Pakistan and worldwide? Note:- Solutions should be based on current and previous records of traffic system both.
