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The reference desk of a university library recives requests for asssistance. Assume that a poisson probability distribution with an arrival rate of 10 requets per hour can be used to describe the arrival pattern and that service times follow an exponential probability distribution with a service rate of 12 requests per hour.A. What is the probibility that no requests for assistance are in the system?B. What is the average number of requests that will be waiting for service?C. What is the average waiting time in minutes before service begins?D. What is the average time at thhere reference desk in munutes?E. What is the probabilty that a new arrival has to wait for serivice?
Discuss the many costs that businesses face today. Is it always practical to test new ideas via a 'real life' study - with participants, facilities, etc? If not, how can a simulation be utilized to test ideas while keeping costs manageable?
Illustrate the linear programming model with its decision variables and its constraints. Use the computer solution generated by Excel (Solve) to see which team works with which project. Provide the Excel file.
Alan Bissell, a market analyst for City Sound Mart, is analyzing sales of heavy metal CD's. Alan's dependent variable is annual heavy metal CD sales (in $1,000,000's).
Define both strategic plan and operational plan in terms of "breadth,""time frame," and "specificity." What level of management is more apt to do each type of plan?
what is the efficiency of the line balanced as in d? suppose the demand rose from 750 to 800 units per day.what would you do?show any amount or calculations. Suppose that demand rose from 750 to 1,000 units per day.what would you do?show any amoun..
Assume that you have $165,00 invested in stock that is returning 11.50%,$85,000 invested in a stock is returning 22.75% and $235,000 invested in a stock that is returning 10.25%
Calculate the return (in Percent) for each value of b. (note: you may just calculate the totaal return and not worry about how this split between current yield and capital- gains yield)
Illustrate what percentage of change are you hoping to see as a result of se objectives being implemented.
Identification of the changes which need to be made also a reason for the change. Identification also description of human implications, potential resistance factors also the drivers of the change.
This solution describes the concepts of shadow price and maximization problem, differences between graphical and computer-based methods of solving LP problems differ, and sensitivity analysis in decision making process.
What environmental forces could be at work in Middleburg and Uniontown that Shoemaker should consider? What are the possible distinctive competencies of Grandmothers?
The probabilities associated with the states of nature are 0.25 for a big demand, 0.55 for an average demand, and 0.20 for a small demand.
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