The Solomon, Smith, and Samson law firm produces manylegal documents that must be word processed for clients andthe firm. Requests average eight pages of documents perhour, and they arrive according to a Poisson distribution. Thesecretary can word process 10 pages per hour on average ac-cording to an exponential distribution.a. What is the average utilization rate of the secretary?b. What is the probability that more than four pages are wait-ing or being word processed?c. What is the average number of pages waiting to be wordprocessed?

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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.