Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Chapter 12, Problem 47P
Summary Introduction
To determine: The number of teller windows that should be opened by Bank 2.
Introduction: In order to predict the waiting time and length of the queue, queueing model will be framed. Queueing theory is the mathematical model that can be used for the decision-making process regarding the resources required to provide a service.
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An average of 300 customers per hour arrive at a hugebranch of bank 2. It takes an average of 2 minutes to serveeach customer. It costs $10 per hour to keep open a tellerwindow, and the bank estimates that it will lose $50 infuture profits for each hour that a customer waits in line.How many teller windows should bank 2 open?
You are considering to invest in a franchise for
a coffee shop in your neighborhood. To
understand the revenue potential, you decide
to visit a coffee shop from the same chain next
to your neighborhood. In the next few months,
you visit this coffee shop at random times
between 6am and 9am. You observe that the
line (queue) averages about 9 customers and it
takes about 3 minutes to get in and out of the
coffee shop. Assuming this is a typical
experience and each customer spends about
$5 per visit, what is the revenue potential per
hour of this coffee shop?
Hint: Calculate the number of customers
arriving per minute (i.e., λ). Convert this to
customers per hour. Then, calculate the
revenue from these customers (each customer
spends about $5, on average)
The manager of a branch office of Banco Mexicali observed that during peak hours an average of 20 customers arrives per hour and that there is an average of four customers in the branch office at any time. How long doesthe average customer spend waiting in line and being serviced?
Chapter 12 Solutions
Practical Management Science
Ch. 12.3 - Prob. 1PCh. 12.3 - Explain the basic relationship between the...Ch. 12.3 - Prob. 3PCh. 12.3 - Prob. 4PCh. 12.4 - Prob. 5PCh. 12.4 - Prob. 6PCh. 12.4 - Prob. 7PCh. 12.4 - Prob. 8PCh. 12.5 - Prob. 9PCh. 12.5 - Prob. 10P
Ch. 12.5 - Prob. 11PCh. 12.5 - Prob. 12PCh. 12.5 - Prob. 13PCh. 12.5 - Prob. 14PCh. 12.5 - Prob. 15PCh. 12.5 - Prob. 16PCh. 12.5 - Prob. 17PCh. 12.5 - Prob. 18PCh. 12.5 - Prob. 19PCh. 12.5 - Prob. 20PCh. 12.5 - Prob. 21PCh. 12.5 - Prob. 22PCh. 12.5 - On average, 100 customers arrive per hour at the...Ch. 12.5 - Prob. 24PCh. 12.5 - Prob. 25PCh. 12.5 - Prob. 26PCh. 12.5 - Prob. 27PCh. 12.5 - Prob. 28PCh. 12.5 - Prob. 29PCh. 12.5 - Prob. 30PCh. 12.5 - Prob. 31PCh. 12.5 - Prob. 32PCh. 12.5 - Prob. 33PCh. 12.5 - Prob. 34PCh. 12.5 - Prob. 35PCh. 12.5 - Two one-barber shops sit side by side in Dunkirk...Ch. 12.5 - Prob. 37PCh. 12 - Prob. 46PCh. 12 - Prob. 47PCh. 12 - Prob. 48PCh. 12 - Prob. 49PCh. 12 - Prob. 50PCh. 12 - Prob. 51PCh. 12 - Prob. 52PCh. 12 - Prob. 54PCh. 12 - Prob. 56PCh. 12 - Prob. 57PCh. 12 - Prob. 58PCh. 12 - Prob. 59PCh. 12 - Prob. 60PCh. 12 - Prob. 61P
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