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Customers arrive at a fast-food restaurant with one server according to a Poisson process at a mean rate 30 per hour. The server has just resigned, and the two candidates for the replacement are X (fast but expensive) and Y (slow but inexpensive). Both candidates would have an exponential distribution for service times, with X having a mean of 1.2 minutes and Y having a mean of 1.5 minutes. Restaurant revenue per month is given by $6000/W, where W is the expected waiting time (in minutes) of a customer in the system.
Determine the expected waiting time of a customer in the system by hiring either x and y.
Does the system offer adequate controls to protect against fraud and embezzlement and to guarantee the accuracy and security of data and information?
Stakeholders: Identify the stakeholders, their roles, and the influence level that they will have on the outcome of the project. Identify the project sponsor.
Explain how do you see the Project Charter content feeding into the Project Scope Statement?
These different investment appraisal methods provide different types of information for investment decision makers.
What is meant by communication in conflict analysis - and why psychodynamics
What are examples of a resource availability risk in a project?
Distribution strategy and project management
The depreciation expense is $2,400 a year. What is the contribution margin per unit?
The company has a marginal tax rate of 34 percent. What is the value of the depreciation tax shield?
Create a simple communication plan for the execution of your creation of a coffee shop. This plan should have the following information: contact information for all affected parties
Which communication techniques will you rely on to resolve potential disputes between these two directors?
What do you see as the advantages and disadvantages of using project management software such as MS Project to organize a project, specifically looking at the project scope checklist below.
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