Calculate the average number in the queue

Assignment Help Finance Basics
Reference no: EM13300969

Sid Das Brick Distributors currently employs 1 worker whose job is to load bricks on outgoing company trucks. An average of 24 trucks per day, or 3 per hour, arrive at the loading platform, according to a Poisson distribution. The worker loads them at a rate of 4 trucks per hour, following approximately the exponential distribution in his service times. Das believes that adding an additional brick loader will substantially improve the firm's productivity. He estimates that a two-person crew loading each truck will double the loading rate (µ) from 4 trucks per hour to 8 trucks per hour. Analyze the effect on the queue of such a change and compare the results to those achieved with one worker. Calculate the average number in the queue, average number in the system, average time in the queue, average time in the system, the system utilization rate, and the probability that the system is empty.

Reference no: EM13300969

Questions Cloud

Calculate the image distance and lateral magnification : An object is 100 cm in front of a concave mirror that has a radius of 80 cm. Calculate the image distance and lateral magnification
Prepare the consolidation worksheet entries : Prepare the consolidation worksheet entries necessary for preparation of the consolidated financial statements for Geraldton Ltd and its subsidiary for the year ended 30/6/2012
Determine the directing effects of the substituents : Consider the directing effects of the substituents on salicylamide and predict the possible structures of the iodination products. Which do you think will be the major product? Explain your reasoning
Find smallest possible nonzero value for thickness of layer : You are standing in air and are looking at a flat piece of glass (n = 1.52) on which there is a layer of transparent plastic, Find the smallest possible nonzero value for the thickness of the layer
Calculate the average number in the queue : Calculate the average number in the queue, average number in the system, average time in the queue, average time in the system, the system utilization rate, and the probability that the system is empty.
Compute the concentration of an pilocarpine solution : Calculate the concentration of an pilocarpine solution with a pH = 9.34. The Kb of pilocarpine is 7.41x10-8 i need to know the steps to do problems like this one, if the steps can be simplified that would be great, thanks a lot.
Demonstrate how you can use a ted spread : Demonstrate how you can use a TED (Treasury/Eurodollar) spread, which is a simultaneous long (short) position in a Eurodollar contract and short (long) position in the T-Bill contract, to create a position that will benefit from these views.
Linear and horizontal flow through linear beds in series : Linear and horizontal flow through linear beds in series. Calculate the total oil rate bbl/d through all media, when the following data is given:
What is the potential of the second plate : One member of a pair of parallel conducting plates has potential 17 V. An electron is ejected from that plate at potential, What is the potential of the second plate

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the cost of equity

Southern Home Cookin' just paid its annual dividend of $.80 a share. The stock has a market price of $26 and a beta of 1.1. The return on the U.S. Treasury bill is 4 percent and the market risk premium is 12 percent. What is the cost of equity?

  What is the firm levered value

What is the firm's levered value if it issues $200,000 of perpetual debt to buy back stock?

  Which of the following statements is most correct

Which of the following statements is most correct?

  Income statement including gross margin & sales general

The CEO of Smartphone Apps, LLC is making a loan application. Using the data below (only), make an Income Statement. Within this Income statement, include totals for Gross Margin,

  Compute the average returns and variances

Compute the average returns, variances, & the standard deviations for X and Y. For average return and s.d. Input answers rounded to 2 decimal places.

  Exchange rate changes can affect companies

Describe how exchange rate changes can affect companies' marketing, production, and financial decisions. Mention the various factors one follows in an attempt to predict market F/X value. Include in your answer the types of questions that would app..

  How many shares would an investor end up

The company's stock is selling for $30 per share. The company had total earnings of $6,900,000 during the year. With 2,300,000 shares outstanding, earnings per share were $3. The firm has a P/E ratio of 10.

  How can management eliminate or reduce

Most employees choose to eat their lunch in the cafeteria. Is there an agency cost here? If so, how can management eliminate or reduce this agency cost?

  Determine the equipment after-tax salvage value

Liberty Services is now at the end of final year of a project. The equipment originally cost $22,500, of which 75 percent has been depreciated. The company can sell the used equipment today for $6,000, and its tax rate is 40 percent.

  Market structure and strategic choice issues

What are the key Market Structure and Strategic Choice issues facing sales automotive industry / company / consumers and how would you as marketer deal with them?

  Should the firm develop the new test

Show that the probability that there is actually oil in a promising area is 0.73, and 0.45 for the not promising area. If you fail in this step, continue on and use these figures for the parts (ii) and (iii).

  Computation of investment amount

Suppose the total expense for your current year in college equals $20,000. Approximately how much would your parents have needed to invest 21 years ago in an account paying 8 percent compounded annually to cover this amount?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd