Spreadsheet Modeling & Decision Analysis: A Practical Introduction To Business Analytics, Loose-leaf Version
Spreadsheet Modeling & Decision Analysis: A Practical Introduction To Business Analytics, Loose-leaf Version
8th Edition
ISBN: 9781337274852
Author: Ragsdale, Cliff
Publisher: South-Western College Pub
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Town Taxi uses three dispatchers to handle requests for service and to dispatch the cabs. The telephone calls that are made to Town Taxi use a common number. When all dispatchers are busy, the caller hears a waiting song until the first dispatchers becomes available. The telephone system will assign available dispatcher to the waiting callers according to FCFS. Assume that the arrival of calls follows a Poisson distribution, with an average of 35 calls per hour. Also assume that the time that each dispatcher spends with a customer follows Exponential distribution and each dispatcher takes an average of 3 minutes with each caller. 15.What is the average time in minutes that a customer spends in the system? 3.8 mins 7 mins 4.8 mins 8.9 mins
Zimmerman’s Bank is the only bank in the small town of St. Thomas. On a typical Friday, an average of 10 customers per hour arrive at the bank to transact business. There is one teller at the bank, and the average time required to transact business is 4 minutes. It is assumed that service times may be described by the exponential distribution. A single line would be used, and the customer at the front of the line would go to the first available bank teller. If a single teller is used, find: The average time in the line. The average number in the line. The average time in the system. The average number in the system. The probability that the bank is empty.
Explain the concept of queue and queue theory or waiting line theory and its importance in business A bank has only one counter for its customers. Suppose that the customers to the bank arrive at random with exponential inter arrival time and their mean inter arrival time is 10 minutes. Suppose the counter takes on an average 15 minutes to serve the customer and this also follow an exponential distribution. What percentage of time the bank counter is busy? On the average, how many customers are in the system? On the average, how many customers are in the queue waiting for the service? How long a customer will take to be out of the service system after being served? How long a customer to wait before being served? What is the probability that there are at most three customers in the system?
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