The local Burger Doodle fast-food restaurant has a drive-through window. Customers in cars arriveat the window at the rate of 10 per hour (Poisson distributed). It requires an average of4 minutes (exponentially distributed) to take and fill an order. The restaurant chain has a servicegoal of an average waiting time of 3 minutes. Will the current system meet the restaurant’s service goal?

Q: Explain The Queuing System with an example?

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A: Find the given details below:

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A: Arrival rate (λ) = 6 Service rate(μ) = 2 every 15 minutes                     μ = 60*215 = 8

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A:

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Q: Calculate the mean waiting time (including the first and the last customers)

A: Given data is

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.