Find the expected amount of time it will take to get the

Reference no: EM13623075

A company has a piece of equipment that is broken. The company loses $500 a day for each day the equipment remains broken. There is a repair shop where this equipment can be fixed. The shop charges $800 to fix the equipment. It receives requests for service from an average of 3 customers per day and the average repair time at this shop is .25 days. Assume that shop can be modeled as an M/M/1 queuing process

a) Find the expected amount of time it will take to get the equipment repaired

b) Use your answer in A to determine the company's expected overall expense, including the repair bill and the downtime cost.

Reference no: EM13623075

Questions Cloud

A hoop and a disk both of 038- m radius and 30- kg mass are : a hoop and a disk both of 0.38- m radius and 3.0- kg mass are released from the top of an inclined plane 3.3 m high and

A fully automated production line in a facility involves : a fully automated production line in a facility involves metal blocks being placed in a furnace for heat treatment. two

It is noted that the block-spring system when compressed 50 : a 0.465 kg wood block is firmly attached to a very light horizontal spring k 165 nm . it is noted that the

Erna corp has 5 million shares of common stock outstanding : erna corp. has 5 million shares of common stock outstanding. the current share price is 71 and the book value per share

Find the expected amount of time it will take to get the : a company has a piece of equipment that is broken. the company loses 500 a day for each day the equipment remains

Use eulers method to solve this equation from t 0 to 1 d : the amount of a uniformaly distributed radioactive contaminant contained in a closed reactor is measured by its

You shoot a ball of mass 50g into a pendulum arm of mass : you shoot a ball of mass 50g into a pendulum arm of mass 200g whose center of mass rises 15cm. calculate the initial

Two planets have the same mass each planet has a constant : two planets have the same mass. each planet has a constant density but the density of planet 2 is three times as high

Sketch a diagrammatic pneumatic circuit for the control of : sketch a diagrammatic pneumatic circuit for the control of a double acting cylinder using a 52 valve that is

User Account

All Pages