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A drug store has two windows available for serving customers, who arrive at a Poisson rate of 40/hr. Service time is exponentially distributed with a mean of 2 min. Only one window is open as long as there are three or less customers in the shop. An identical server opens a second window when there are four or more customers in the shop. The manager of the shop helps the two attendants when there are six or more customers in the shop. When the manager is helping, the mean service time for each of the two servers is reduced to 1.5 min. The shop cannot legally hold more than 20 customers. Use the general birth-death process to determine 1) the expected number of customers in the shop 2) the probability that the manager will be helping serve customers and, 3) the probability that the store is full.
Student Enterprises sells 2 sizes of wall posters, a large 3- by 4-foot poster and a smaller 2- by 3-foot poster. The profit earned from the sale of each large poster.
How do technological changes affect the relative bargaining power of the parties?
What are the driving forces and key success factors for your case study company?
Illustrate what is different about applying lean in a factory versus a service situation. Describe your finding in a 2-page report.
The tiger minnow, which can be found in Lake Jackson and in Lake Bradford, is a small meat-eating fish. At the present time
A student team in a business statistics course wanted to determine if there was a difference in average download times for the three different types of computers
Which of the following contribute to competitive advantage? Select all that apply. Question 1 options: a) Proprietary know-how b) Installed customer base c) Number of employees d) Patents and trademarks e) Involved board of directors
what would be the ROP and the associated safety stock. What is the additional holding cost on account of the safety stock.
desires to control inventory levels so as to minimize the sum of holding and order costs. It costs the firm $20 to place an order. Nike estimates its yearly inventory carrying costs
We have touched on delicate balance of successful marketing also perhaps social ethics. Explain how do we balance this with our new found POWERFUL knowledge of consumer behaviour.
Does a company have a duty to go beyond legal requirements and conform to the ethical norms of the societies in which it operates? What is the case for why business strategies should be ethical? What does your case study company do to ensure ethic..
Formulate a mixed integer programming model for this problem.
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