The system utilization rate. Introduction: System utilization refers to percentage amount of capacity which is utilized or we can say that actual output is divided by potential output. It is operational metric for business which indicates aggregate productive capacity. It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

Question

Question 1M&H company ltd. sells television sets and has collected monthly sales data (in units) for the past 12months as shown in table 1below: TABLE 1 Month Sales (Units)1 1202 1353 1504 1655 1806 2007 1958 2109 225 10 24011 25512 270 Using the data provided, answer the following questions: a. Using a 3-month weighted moving average with weights 0.5, 0.3, and 0.2 (most recent monthhaving the highest weight), calculate the forecast for month 13. b. If the company applies an exponential smoothing method with a smoothing constant (α) = 0.2,and assumes an initial forecast of 120 units for Month 1, calculate the forecast for month 13.c. Calculate the Mean Absolute Deviation (MAD) for the exponential smoothing method andweighted moving average method using the actual sales data for Months 4 to 12 and determinewhich method is more accurate. d. Compute the values of a (intercept) and b (slope) using the least squares method.e. Use the trend equation to forecast the demand for…

Answer 1

Question

Chapter 18, Problem 1P

a)

1)

Summary Introduction

To determine: The system utilization rate.

Introduction: System utilization refers to percentage amount of capacity which is utilized or we can say that actual output is divided by potential output. It is operational metric for business which indicates aggregate productive capacity.

It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

1)

Summary Introduction

To determine: The system utilization rate.

Introduction: System utilization refers to percentage amount of capacity which is utilized or we can say that actual output is divided by potential output. It is operational metric for business which indicates aggregate productive capacity.

It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

2)

Summary Introduction

To determine: The average number customers waiting for service in line.

3)

Summary Introduction

To determine: Average number of customers waiting time.

b)

1)

Summary Introduction

To determine: The average number of customer waiting for repairs.

1)

Summary Introduction

To determine: The average number of customer waiting for repairs.

2)

Summary Introduction

To determine: The system utilization rate.

Introduction: It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

3)

Summary Introduction

To determine: The idle time.

4)

Summary Introduction

To determine: Probability of two or more customers in the system.

c)

1)

Summary Introduction

To determine: The system utilization rate.

1)

Summary Introduction

To determine: The system utilization rate.

2)

Summary Introduction

To determine: Average number of customers in the system (L_s).

3)

Summary Introduction

To determine: Average time customers wait in line for service (W_q).

4)

Summary Introduction

To determine: The average waiting time for an arrival not immediately served (hours) (W_a).

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Question 1M&H company ltd. sells television sets and has collected monthly sales data (in units) for the past 12months as shown in table 1below: TABLE 1 Month Sales (Units)1 1202 1353 1504 1655 1806 2007 1958 2109 225 10 24011 25512 270 Using the data provided, answer the following questions: a. Using a 3-month weighted moving average with weights 0.5, 0.3, and 0.2 (most recent monthhaving the highest weight), calculate the forecast for month 13. b. If the company applies an exponential smoothing method with a smoothing constant (α) = 0.2,and assumes an initial forecast of 120 units for Month 1, calculate the forecast for month 13.c. Calculate the Mean Absolute Deviation (MAD) for the exponential smoothing method andweighted moving average method using the actual sales data for Months 4 to 12 and determinewhich method is more accurate. d. Compute the values of a (intercept) and b (slope) using the least squares method.e. Use the trend equation to forecast the demand for…

You may need to use the appropriate technology to answer this question. An event hall that hosts public lectures, book readings, poetry slams, and other similar events uses a one-week periodic review inventory system for the throat lozenges that it stocks for its patrons. A two-day lead time is needed for any order, and the event hall is willing to tolerate an average of one stock-out per year. (a) Using the event hall's service guideline, what is the probability of a stock-out associated with each replenishment decision? (Round your answer to four decimal places.) (b) What is the replenishment level if demand during the review period plus lead-time period is normally distributed with a mean of 50 units and a standard deviation of 12 units? (Round your answer to the nearest integer.) (c) What is the replenishment level if demand during the review period plus lead-time period is uniformly distributed between 45 and 95 units? (Round your answer to the nearest integer.)

provide scholarly research on the importance of internal risk assessement and auditng process in relation to US bank Cititbank loosing USD500 million in August 2020

Answer 2

Question

Chapter 18, Problem 1P

a)

1)

Summary Introduction

To determine: The system utilization rate.

Introduction: System utilization refers to percentage amount of capacity which is utilized or we can say that actual output is divided by potential output. It is operational metric for business which indicates aggregate productive capacity.

It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

1)

Summary Introduction

To determine: The system utilization rate.

Introduction: System utilization refers to percentage amount of capacity which is utilized or we can say that actual output is divided by potential output. It is operational metric for business which indicates aggregate productive capacity.

It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

2)

Summary Introduction

To determine: The average number customers waiting for service in line.

3)

Summary Introduction

To determine: Average number of customers waiting time.

b)

1)

Summary Introduction

To determine: The average number of customer waiting for repairs.

1)

Summary Introduction

To determine: The average number of customer waiting for repairs.

2)

Summary Introduction

To determine: The system utilization rate.

Introduction: It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

3)

Summary Introduction

To determine: The idle time.

4)

Summary Introduction

To determine: Probability of two or more customers in the system.

c)

1)

Summary Introduction

To determine: The system utilization rate.

1)

Summary Introduction

To determine: The system utilization rate.

2)

Summary Introduction

To determine: Average number of customers in the system (L_s).

3)

Summary Introduction

To determine: Average time customers wait in line for service (W_q).

4)

Summary Introduction

To determine: The average waiting time for an arrival not immediately served (hours) (W_a).

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Question 1M&H company ltd. sells television sets and has collected monthly sales data (in units) for the past 12months as shown in table 1below: TABLE 1 Month Sales (Units)1 1202 1353 1504 1655 1806 2007 1958 2109 225 10 24011 25512 270 Using the data provided, answer the following questions: a. Using a 3-month weighted moving average with weights 0.5, 0.3, and 0.2 (most recent monthhaving the highest weight), calculate the forecast for month 13. b. If the company applies an exponential smoothing method with a smoothing constant (α) = 0.2,and assumes an initial forecast of 120 units for Month 1, calculate the forecast for month 13.c. Calculate the Mean Absolute Deviation (MAD) for the exponential smoothing method andweighted moving average method using the actual sales data for Months 4 to 12 and determinewhich method is more accurate. d. Compute the values of a (intercept) and b (slope) using the least squares method.e. Use the trend equation to forecast the demand for…

You may need to use the appropriate technology to answer this question. An event hall that hosts public lectures, book readings, poetry slams, and other similar events uses a one-week periodic review inventory system for the throat lozenges that it stocks for its patrons. A two-day lead time is needed for any order, and the event hall is willing to tolerate an average of one stock-out per year. (a) Using the event hall's service guideline, what is the probability of a stock-out associated with each replenishment decision? (Round your answer to four decimal places.) (b) What is the replenishment level if demand during the review period plus lead-time period is normally distributed with a mean of 50 units and a standard deviation of 12 units? (Round your answer to the nearest integer.) (c) What is the replenishment level if demand during the review period plus lead-time period is uniformly distributed between 45 and 95 units? (Round your answer to the nearest integer.)

provide scholarly research on the importance of internal risk assessement and auditng process in relation to US bank Cititbank loosing USD500 million in August 2020

Answer 3

Question

Chapter 18, Problem 1P

a)

1)

Summary Introduction

To determine: The system utilization rate.

Introduction: System utilization refers to percentage amount of capacity which is utilized or we can say that actual output is divided by potential output. It is operational metric for business which indicates aggregate productive capacity.

It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

1)

Summary Introduction

To determine: The system utilization rate.

Introduction: System utilization refers to percentage amount of capacity which is utilized or we can say that actual output is divided by potential output. It is operational metric for business which indicates aggregate productive capacity.

It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

2)

Summary Introduction

To determine: The average number customers waiting for service in line.

3)

Summary Introduction

To determine: Average number of customers waiting time.

b)

1)

Summary Introduction

To determine: The average number of customer waiting for repairs.

1)

Summary Introduction

To determine: The average number of customer waiting for repairs.

2)

Summary Introduction

To determine: The system utilization rate.

Introduction: It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

3)

Summary Introduction

To determine: The idle time.

4)

Summary Introduction

To determine: Probability of two or more customers in the system.

c)

1)

Summary Introduction

To determine: The system utilization rate.

1)

Summary Introduction

To determine: The system utilization rate.

2)

Summary Introduction

To determine: Average number of customers in the system (L_s).

3)

Summary Introduction

To determine: Average time customers wait in line for service (W_q).

4)

Summary Introduction

To determine: The average waiting time for an arrival not immediately served (hours) (W_a).

Expert Solution & Answer

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Students have asked these similar questions

Question 1M&H company ltd. sells television sets and has collected monthly sales data (in units) for the past 12months as shown in table 1below: TABLE 1 Month Sales (Units)1 1202 1353 1504 1655 1806 2007 1958 2109 225 10 24011 25512 270 Using the data provided, answer the following questions: a. Using a 3-month weighted moving average with weights 0.5, 0.3, and 0.2 (most recent monthhaving the highest weight), calculate the forecast for month 13. b. If the company applies an exponential smoothing method with a smoothing constant (α) = 0.2,and assumes an initial forecast of 120 units for Month 1, calculate the forecast for month 13.c. Calculate the Mean Absolute Deviation (MAD) for the exponential smoothing method andweighted moving average method using the actual sales data for Months 4 to 12 and determinewhich method is more accurate. d. Compute the values of a (intercept) and b (slope) using the least squares method.e. Use the trend equation to forecast the demand for…

You may need to use the appropriate technology to answer this question. An event hall that hosts public lectures, book readings, poetry slams, and other similar events uses a one-week periodic review inventory system for the throat lozenges that it stocks for its patrons. A two-day lead time is needed for any order, and the event hall is willing to tolerate an average of one stock-out per year. (a) Using the event hall's service guideline, what is the probability of a stock-out associated with each replenishment decision? (Round your answer to four decimal places.) (b) What is the replenishment level if demand during the review period plus lead-time period is normally distributed with a mean of 50 units and a standard deviation of 12 units? (Round your answer to the nearest integer.) (c) What is the replenishment level if demand during the review period plus lead-time period is uniformly distributed between 45 and 95 units? (Round your answer to the nearest integer.)

provide scholarly research on the importance of internal risk assessement and auditng process in relation to US bank Cititbank loosing USD500 million in August 2020

Answer 4

Question

Chapter 18, Problem 1P

a)

1)

Summary Introduction

To determine: The system utilization rate.

Introduction: System utilization refers to percentage amount of capacity which is utilized or we can say that actual output is divided by potential output. It is operational metric for business which indicates aggregate productive capacity.

It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

1)

Summary Introduction

To determine: The system utilization rate.

Introduction: System utilization refers to percentage amount of capacity which is utilized or we can say that actual output is divided by potential output. It is operational metric for business which indicates aggregate productive capacity.

It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

2)

Summary Introduction

To determine: The average number customers waiting for service in line.

3)

Summary Introduction

To determine: Average number of customers waiting time.

b)

1)

Summary Introduction

To determine: The average number of customer waiting for repairs.

1)

Summary Introduction

To determine: The average number of customer waiting for repairs.

2)

Summary Introduction

To determine: The system utilization rate.

Introduction: It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

3)

Summary Introduction

To determine: The idle time.

4)

Summary Introduction

To determine: Probability of two or more customers in the system.

c)

1)

Summary Introduction

To determine: The system utilization rate.

1)

Summary Introduction

To determine: The system utilization rate.

2)

Summary Introduction

To determine: Average number of customers in the system (L_s).

3)

Summary Introduction

To determine: Average time customers wait in line for service (W_q).

4)

Summary Introduction

To determine: The average waiting time for an arrival not immediately served (hours) (W_a).

Expert Solution & Answer

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Students have asked these similar questions

Question 1M&H company ltd. sells television sets and has collected monthly sales data (in units) for the past 12months as shown in table 1below: TABLE 1 Month Sales (Units)1 1202 1353 1504 1655 1806 2007 1958 2109 225 10 24011 25512 270 Using the data provided, answer the following questions: a. Using a 3-month weighted moving average with weights 0.5, 0.3, and 0.2 (most recent monthhaving the highest weight), calculate the forecast for month 13. b. If the company applies an exponential smoothing method with a smoothing constant (α) = 0.2,and assumes an initial forecast of 120 units for Month 1, calculate the forecast for month 13.c. Calculate the Mean Absolute Deviation (MAD) for the exponential smoothing method andweighted moving average method using the actual sales data for Months 4 to 12 and determinewhich method is more accurate. d. Compute the values of a (intercept) and b (slope) using the least squares method.e. Use the trend equation to forecast the demand for…

You may need to use the appropriate technology to answer this question. An event hall that hosts public lectures, book readings, poetry slams, and other similar events uses a one-week periodic review inventory system for the throat lozenges that it stocks for its patrons. A two-day lead time is needed for any order, and the event hall is willing to tolerate an average of one stock-out per year. (a) Using the event hall's service guideline, what is the probability of a stock-out associated with each replenishment decision? (Round your answer to four decimal places.) (b) What is the replenishment level if demand during the review period plus lead-time period is normally distributed with a mean of 50 units and a standard deviation of 12 units? (Round your answer to the nearest integer.) (c) What is the replenishment level if demand during the review period plus lead-time period is uniformly distributed between 45 and 95 units? (Round your answer to the nearest integer.)

provide scholarly research on the importance of internal risk assessement and auditng process in relation to US bank Cititbank loosing USD500 million in August 2020

Answer 5

Chapter 18, Problem 1P

a)

1)

Summary Introduction

To determine: The system utilization rate.

Introduction: System utilization refers to percentage amount of capacity which is utilized or we can say that actual output is divided by potential output. It is operational metric for business which indicates aggregate productive capacity.

It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

1)

Summary Introduction

To determine: The system utilization rate.

Introduction: System utilization refers to percentage amount of capacity which is utilized or we can say that actual output is divided by potential output. It is operational metric for business which indicates aggregate productive capacity.

It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

2)

Summary Introduction

To determine: The average number customers waiting for service in line.

3)

Summary Introduction

To determine: Average number of customers waiting time.

b)

1)

Summary Introduction

To determine: The average number of customer waiting for repairs.

1)

Summary Introduction

To determine: The average number of customer waiting for repairs.

2)

Summary Introduction

To determine: The system utilization rate.

Introduction: It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

3)

Summary Introduction

To determine: The idle time.

4)

Summary Introduction

To determine: Probability of two or more customers in the system.

c)

1)

Summary Introduction

To determine: The system utilization rate.

1)

Summary Introduction

To determine: The system utilization rate.

2)

Summary Introduction

To determine: Average number of customers in the system (L_s).

3)

Summary Introduction

To determine: Average time customers wait in line for service (W_q).

4)

Summary Introduction

To determine: The average waiting time for an arrival not immediately served (hours) (W_a).

Expert Solution & Answer

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Answer 6

Chapter 18, Problem 1P

a)

1)

Summary Introduction

To determine: The system utilization rate.

Introduction: System utilization refers to percentage amount of capacity which is utilized or we can say that actual output is divided by potential output. It is operational metric for business which indicates aggregate productive capacity.

It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

1)

Summary Introduction

To determine: The system utilization rate.

Introduction: System utilization refers to percentage amount of capacity which is utilized or we can say that actual output is divided by potential output. It is operational metric for business which indicates aggregate productive capacity.

It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

2)

Summary Introduction

To determine: The average number customers waiting for service in line.

3)

Summary Introduction

To determine: Average number of customers waiting time.

b)

1)

Summary Introduction

To determine: The average number of customer waiting for repairs.

1)

Summary Introduction

To determine: The average number of customer waiting for repairs.

2)

Summary Introduction

To determine: The system utilization rate.

Introduction: It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

3)

Summary Introduction

To determine: The idle time.

4)

Summary Introduction

To determine: Probability of two or more customers in the system.

c)

1)

Summary Introduction

To determine: The system utilization rate.

1)

Summary Introduction

To determine: The system utilization rate.

2)

Summary Introduction

To determine: Average number of customers in the system (L_s).

3)

Summary Introduction

To determine: Average time customers wait in line for service (W_q).

4)

Summary Introduction

To determine: The average waiting time for an arrival not immediately served (hours) (W_a).

Expert Solution & Answer

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Answer 7

Chapter 18, Problem 1P

a)

1)

Summary Introduction

To determine: The system utilization rate.

Introduction: System utilization refers to percentage amount of capacity which is utilized or we can say that actual output is divided by potential output. It is operational metric for business which indicates aggregate productive capacity.

It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

Answer 8

1)

Summary Introduction

To determine: The system utilization rate.

Introduction: System utilization refers to percentage amount of capacity which is utilized or we can say that actual output is divided by potential output. It is operational metric for business which indicates aggregate productive capacity.

It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

Answer 9

1)

Summary Introduction

To determine: The system utilization rate.

Introduction: System utilization refers to percentage amount of capacity which is utilized or we can say that actual output is divided by potential output. It is operational metric for business which indicates aggregate productive capacity.

It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

Answer 10

2)

Summary Introduction

To determine: The average number customers waiting for service in line.

Answer 11

2)

Summary Introduction

To determine: The average number customers waiting for service in line.

Answer 12

3)

Summary Introduction

To determine: Average number of customers waiting time.

Answer 13

3)

Summary Introduction

To determine: Average number of customers waiting time.

Answer 14

b)

1)

Summary Introduction

To determine: The average number of customer waiting for repairs.

1)

Summary Introduction

To determine: The average number of customer waiting for repairs.

2)

Summary Introduction

To determine: The system utilization rate.

Introduction: It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

3)

Summary Introduction

To determine: The idle time.

4)

Summary Introduction

To determine: Probability of two or more customers in the system.

c)

1)

Summary Introduction

To determine: The system utilization rate.

1)

Summary Introduction

To determine: The system utilization rate.

2)

Summary Introduction

To determine: Average number of customers in the system (L_s).

3)

Summary Introduction

To determine: Average time customers wait in line for service (W_q).

4)

Summary Introduction

To determine: The average waiting time for an arrival not immediately served (hours) (W_a).

Answer 15

b)

1)

Summary Introduction

To determine: The average number of customer waiting for repairs.

Answer 16

1)

Summary Introduction

To determine: The average number of customer waiting for repairs.

Answer 17

1)

Summary Introduction

To determine: The average number of customer waiting for repairs.

Answer 18

2)

Summary Introduction

To determine: The system utilization rate.

Introduction: It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

Answer 19

2)

Summary Introduction

To determine: The system utilization rate.

Introduction: It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

Answer 20

3)

Summary Introduction

To determine: The idle time.

Answer 21

3)

Summary Introduction

To determine: The idle time.

Answer 22

4)

Summary Introduction

To determine: Probability of two or more customers in the system.

Answer 23

4)

Summary Introduction

To determine: Probability of two or more customers in the system.

Answer 24

c)

1)

Summary Introduction

To determine: The system utilization rate.

1)

Summary Introduction

To determine: The system utilization rate.

2)

Summary Introduction

To determine: Average number of customers in the system (L_s).

3)

Summary Introduction

To determine: Average time customers wait in line for service (W_q).

4)

Summary Introduction

To determine: The average waiting time for an arrival not immediately served (hours) (W_a).

Answer 25

c)

1)

Summary Introduction

To determine: The system utilization rate.

Answer 26

1)

Summary Introduction

To determine: The system utilization rate.

Answer 27

1)

Summary Introduction

To determine: The system utilization rate.

Answer 28

2)

Summary Introduction

To determine: Average number of customers in the system (L_s).

Answer 29

2)

Summary Introduction

To determine: Average number of customers in the system (L_s).

Answer 30

3)

Summary Introduction

To determine: Average time customers wait in line for service (W_q).

Answer 31

3)

Summary Introduction

To determine: Average time customers wait in line for service (W_q).

Answer 32

4)

Summary Introduction

To determine: The average waiting time for an arrival not immediately served (hours) (W_a).

Answer 33

4)

Summary Introduction

To determine: The average waiting time for an arrival not immediately served (hours) (W_a).

Answer 34

Expert Solution & Answer

Answer 35

Expert Solution & Answer

Answer 36

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Answer 39

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Answer 40

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Answer 41

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Answer 45

Ch. 18.1 - Prob. 1.1RQ Ch. 18.1 - Prob. 1.2RQ Ch. 18 - Prob. 1DRQ Ch. 18 - Why do waiting lines form even though a service...Ch. 18 - Prob. 3DRQ Ch. 18 - Prob. 4DRQ Ch. 18 - What approaches do supermarkets use to offset...Ch. 18 - Prob. 6DRQ Ch. 18 - Prob. 7DRQ Ch. 18 - Prob. 8DRQ

Solution Summary: The author explains that system utilization refers to percentage amount of capacity which is utilized or we can say that actual output is divided by potential output.

Concept explainers

To determine: The average number customers waiting for service in line.

To determine: Average number of customers waiting time.

To determine: The average number of customer waiting for repairs.

To determine: The average number of customer waiting for repairs.

To determine: The system utilization rate.

Introduction: It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

To determine: The idle time.

To determine: Probability of two or more customers in the system.

To determine: The system utilization rate.

To determine: The system utilization rate.

To determine: Average number of customers in the system (L_s).

To determine: Average time customers wait in line for service (W_q).

To determine: The average waiting time for an arrival not immediately served (hours) (W_a).

Chapter 18 Solutions

Solution Summary: The author explains that system utilization refers to percentage amount of capacity which is utilized or we can say that actual output is divided by potential output.

Concept explainers

To determine: The average number customers waiting for service in line.

To determine: Average number of customers waiting time.

To determine: The average number of customer waiting for repairs.

To determine: The average number of customer waiting for repairs.

To determine: The system utilization rate. Introduction: It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

To determine: The idle time.

To determine: Probability of two or more customers in the system.

To determine: The system utilization rate.

To determine: The system utilization rate.

To determine: Average number of customers in the system (Ls).

To determine: Average time customers wait in line for service (Wq).

To determine: The average waiting time for an arrival not immediately served (hours) (Wa).

Chapter 18 Solutions

To determine: The system utilization rate.

Introduction: It reflects the ratio of demand to capacity or supply, it is also commonly known as Capacity utilization rate.

To determine: Average number of customers in the system (L_s).

To determine: Average time customers wait in line for service (W_q).

To determine: The average waiting time for an arrival not immediately served (hours) (W_a).