Two one-man barber shops sit side by side in DunkirkSquare. Each can hold a maximum of 4 people, and anypotential customer who finds a shop full will not wait for ahaircut. Barber 1 charges $11 per haircut and takes anaverage of 12 minutes to complete a haircut. Barber 2charges $5 per haircut and takes an average of 6 minutes tocomplete a haircut. An average of 10 potential customersper hour arrive at each barber shop. Of course, a potentialcustomer becomes an actual customer only if he finds thatthe shop is not full. Assuming that interarrival times andhaircut times are exponential, which barber will earn moremoney?

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Pricing Construction Equipment

Pricing construction equipment means estimating the cost of operation of all the construction equipment used in a construction project. The pricing is done based on two factors – ownership cost and operating cost of the equipment. Thorough knowledge of the ownership and operating costs is necessary for proper project management and executing profitable construction.