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A bank has a traffic issue. Due to manpower limitations, traffic into the satellite banking location is reduced at 2pm to one channel, one phase. On other words, there is only one teller available to handle patrons who walk into the satellite bank at this time. The bank president has noted that on an average, 7 customers arrive per hour and it appears that 10 customers can be serviced per hour. Using Model 1, calculate the following: (1) Compute the average queue length. (2) Compute the average number of customers in the system. (3) Compute the average time that customers will wait. (4) Computer the average time that customer are in the system (bank). (5) Compute the probability that one or more customers are in the system. Calculate both the probability that the system will be empty, then calculate the probability that there is one or more patrons in the system (bank). (6). What is all of this telling us? How could you improve the situation, given the limitations presented in the problem? Please be specific as well as show all calculations.
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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