Coefficient of variation of customer

Assignment Help Business Management
Reference no: EM132954808

John is planning on getting a haircut and wants to choose a barbershop. He narrowed his own choices down to 2 local hair salons. Lets refer to them as hair salon 1 and hair salon 2.

During busy hours, a new customer walks into hair salon 1 every 15 minutes with standard deviation of 15 minutes. At hair salon 2, a new customer walks in every 60 minutes with a standard deviation of 1 hour. Hair salon 1 has 4 barbers on staff, whereas hair salon 2 has 1 barber. Service time at each hair salons is 30 minutes with standard deviation of 30 minutes.

a) Hair salon 1 is planning to buy out hair salon 2. Hair salon 1 will then close the salon 2 operations and serve all customers, including existing hair salon 2 customers, at the salon 1 location only. Assuming that the previous traffic of salon 2 customers now flows to the salon 1 location, what is the new average inter-arrival time at salon 1 ?

b) To accommodate the new flow rate, hair salon 1 now staffs one additional barber (for a total of 5 barbers on staff). Is the new waiting time at salon 1 less than or greater than the waiting time of salon 1 before the merger? (Note: assume that the coefficient of variation of customer inter arrival times is 1).

Reference no: EM132954808

Questions Cloud

Discussion of queuing theory : Based on the discussion of queuing theory, which of the outcomes below are likely to occur due to this change?
Describe the impacts of global health care us policy : Describe the Impacts of global health care U.S. policy
Compute the average hourly cost of operating stand : Compute the average hourly cost of operating her stand. (Salary + waiting + blocking)
What the net present value of this project : The new system is expected to generate net cash inflows of $9,000 per year in each of the 5 years. What the net present value of this project
Coefficient of variation of customer : John is planning on getting a haircut and wants to choose a barbershop. He narrowed his own choices down to 2 local hair salons. Lets refer to them as hair salo
Cultural intelligence and emotional intelligence : What is the difference between cultural intelligence and emotional intelligence?
Determine the accumulated depreciation over four years : Reversing Rapids has a tax rate of 30%. The asset is sold at the end of year 4 for $10,328. Determine the accumulated depreciation over four years
Industrial baking process : How large an oven is required so that the company is able to produce 4,000 units of bread per hour (give your answer in terms of the number of units that can be
Assignment on save-a-lot retailers : The following table shows financial data (year 2009) for two US retailers: Save-A-Lot Retailers and Wally's Mart.

Reviews

Write a Review

Business Management Questions & Answers

  How important are communications skills

How important are communications skills to the IS members of a systems development team? - How might this affect the selection and training of IS personnel?

  Organisational decision-making with an example

Understand the role and impact of the macro-environment on organisational decision-making with an example.

  Securities and exchange commission edgar database

Choose an industry you have not yet written about in this course, and one publicly traded corporation within that industry.

  How can social forces be used to identify a fad or a trend

As a business opportunity is being evaluated, what role does "social forces" have on that evaluation? How can social forces be used to identify a fad or a trend

  Customer idea of quality

What happens if your idea of quality differs from the customer's idea of quality? Which definition of quality "wins"? What steps can you take to ensure you and the customer agree on what constitutes the necessary quality for the project? How can y..

  Discuss the sustainability of organizational change

discussing the sustainability of organizational change. Discuss in the paper what actions do leaders need to take to drive and sustain organizational change.

  What are the bond maturity rates

Research the company Cyan Inc's financial information in order to locate their bond activity. Post the bond rates and amount of finances raised through that source of financing. What are the bond maturity rates?

  Make the decision about the work process

If you need to make the decision about the work process or procedure, how would you go about involving the other members of your team in business?

  Environmental protection agency

Browse the United States Environmental Protection Agency's (EPA's) Laws & Regulations web page.

  Generic business processes operating at different levels

Generic business processes operating at different levels of any organization regardless of how they are structured. Process complexity.

  Business marketing-consumer behavior

How can firms encourage positive post-purchase feelings and thus avoid the phenomenon of cognitive dissonance?

  Hofstede Six Factor Theory of Culture

Describe your cultural background in light of Hofstede's theory of cultural dimensions. Where does this culture sit in regard to these six dimensions?

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