How many banking customers are waiting for service

Assignment Help Operation Management
Reference no: EM13234804

Problem: Queuing

A bank has two tellers to service customers who want to conduct their banking business in person. The first teller is dedicated exclusively to personal banking customers who want access to their (non-commercial) bank accounts. The second teller is dedicated exclusively to commercial banking customers who want access to their business bank accounts. The bank maintains separate waiting lines for the different types of customers, and strictly adheres to a policy that personal banking customers will only be served by the first teller, and commercial banking customers will only be served by the second teller.

Customers of each type arrive randomly throughout the business day. On average, 30 personal banking customers and 10 commercial banking customers arrive at the bank per hour, and the time between arrivals for both types of customers is exponentially distributed. Teller 1 is capable of processing 40 personal banking customers per hour, while the more complex transactions required by business customers limit Teller 2 to servicing only15 customers per hour on average. Service times for both tellers have been observed to follow an exponential distribution.

a. How long on average is a personal banking customer in the bank? On average how many personal banking customers are waiting for service at any given time?

Average Time in the Bank (minutes) _________

Average Number Waiting (customers) _________ 

b. How long on average is a commercial banking customer in the bank? On average how many commercial banking customers are waiting for service at any given time?

Average Time in the Bank (minutes) _________

Average Number Waiting (customers) __________

c. The bank decides to cross-train the two tellers so that they are each capable of processing both personal and commercial banking customers. Customers now enter a single queue and are served by the first available teller. All of the information given about customer arrivals and service times remains unchanged.

Under the new configuration, how long on average is a banking customer in the bank? On average how many banking customers are waiting for service at any given time?

Average Time in the Bank (minutes) _________

Average Number Waiting (customers) _________

Reference no: EM13234804

Questions Cloud

What is the magnitude of the electric force on each sphere : Two small plastic spheres each have a mass of 1.9g and a charge of -60.0nC, By what factor is the electric force on a sphere larger than its weight
Explain the solubility and the ksp : Using the ideas regarding the effect of basic anions on salt solubility. Which order is correct for the solubility and the Ksp.
Explain a mechanism that explains the formation : When 3 methyl 1 butane reacts with Hbr, two alkyl halides are formed: 2 bromo 3 methylbutane and 2 bromo 2 methyl butane. Propose a mechanism that explains the formation of these products.
Calculate the power output : In creating his definition of horsepower, James Watt, the inventor of the steam engine, calculated the power output of a horse operating a mill to grind grain or cut wood, Calculate the power output, in hp, of a 72-kg human being
How many banking customers are waiting for service : How long on average is a personal banking customer in the bank? On average how many personal banking customers are waiting for service at any given time?
Calculate the amount of labor and the number of machines : A firm uses labor and machines to produce output according to the production function f(L,M)=4L raise to 1/2 M raise to1/2 where L is the number of units labor used and M is the number of machines. The cost of labor is Php.
What amount of heat flowed into the water : Your new super power Heat-O-Matic insulated blender has both a violent chopping blade and a heating element, what amount of heat flowed into the water from the heating element
What is the value of the over simplified multiplier : where C represents consumption, DI represents disposable income, I represents investment, G represents government purchases, T represents net taxes, Y represents real GDP, X represents exports, and IM represents imports.
Define what is the cu in the metal oxide product : What is the %Cu (by mass) in the metal oxide product formed when Cu2CO3(OH)2 decomposes upon heating above 200°C?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

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 in hospitality enterprise

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..

  Managing operations and information

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..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

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

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

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.

  A make or buy analysis

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

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd