The Security & Trust Bank employs 4 tellers to serve its customers. Customers arrive according to a Poisson process at a mean rate of 2 per minute. However, business is growing and management projects that the mean arrival rate will be 3 per minute a year from now. The transaction time between the teller and customer has an exponential distribution with a mean of 1 minute. Management has established the following guidelines for a satisfactory level of service to customers. The average number of customers waiting in line to begin service should not exceed 1. At least 90 percent of the time, the number of customers waiting in line should not exceed 3. (a) Use the Excel sheet to evaluate how well the guidelines will be satisfied a year from now if no change is made in the number of tellers.
The Security & Trust Bank employs 4 tellers to serve its customers. Customers arrive according to a Poisson process at a mean rate of 2 per minute. However, business is growing and management projects that the mean arrival rate will be 3 per minute a year from now. The transaction time between the teller and customer has an exponential distribution with a mean of 1 minute. Management has established the following guidelines for a satisfactory level of service to customers. The average number of customers waiting in line to begin service should not exceed 1. At least 90 percent of the time, the number of customers waiting in line should not exceed 3. (a) Use the Excel sheet to evaluate how well the guidelines will be satisfied a year from now if no change is made in the number of tellers.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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![6. The Security & Trust Bank employs 4 tellers to serve its customers. Customers arrive according to a Poisson
process at a mean rate of 2 per minute. However, business is growing and management projects that the mean
arrival rate will be 3 per minute a year from now. The transaction time between the teller and customer has an
exponential distribution with a mean of 1 minute.
Management has established the following guidelines for a satisfactory level of service to customers. The
average number of customers waiting in line to begin service should not exceed 1. At least 90 percent of the
time, the number of customers waiting in line should not exceed 3.
(a) Use the Excel sheet to evaluate how well the guidelines will be satisfied a year from now if no change is
made in the number of tellers.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd83c3ce1-cd72-4e3b-8702-f62923bac270%2F1a4f2dc8-8cc3-4bbd-85a6-eb6a67816b76%2Fz4sbehx_processed.png&w=3840&q=75)
Transcribed Image Text:6. The Security & Trust Bank employs 4 tellers to serve its customers. Customers arrive according to a Poisson
process at a mean rate of 2 per minute. However, business is growing and management projects that the mean
arrival rate will be 3 per minute a year from now. The transaction time between the teller and customer has an
exponential distribution with a mean of 1 minute.
Management has established the following guidelines for a satisfactory level of service to customers. The
average number of customers waiting in line to begin service should not exceed 1. At least 90 percent of the
time, the number of customers waiting in line should not exceed 3.
(a) Use the Excel sheet to evaluate how well the guidelines will be satisfied a year from now if no change is
made in the number of tellers.
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