The Fore and Aft Marina is located on the Ohio River near Madison, Indiana. Fore and Aft currently operates a docking facility where only one boat at a time can stop for gas and servicing. The manager of the Fore and Aft Marina wants to investigate the possibility of enlarging the docking facility so that two boats can stop for gas and servicing simultaneously. Assume that the arrival rate is 4 boats per hour and that the service rate for each server is 9 boats per hour. (Round your answers to four decimal places.) (a) What is the probability that the boat dock will be idle?   (b) What is the average number of boats that will be waiting for service?   (c) What is the average time (in hours) a boat will spend waiting for service?   h (d) What is the average time (in hours) a boat will spend at the dock?

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: The Fore and Aft Marina is located on the Ohio River near Madison, Indiana. Fore and Aft currently…

A: Hi thank you for posting this question As per our policy we have solved first three parts for you.…

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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.