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You manage a hotel with one reception desk. On a typical day, you receive on average 8 customers per hour. It takes on average 6 minutes to check-in the customer. For the sake of this problem, we assume that checking-in ONLY happens daily between 2:00-5:00pm. Assume that the inter-arrival times between customers are exponentially distributed, and that the time to check-in is also exponentially distributed. a) What are the demand rate and service rate at the reception? What is the utilization of the reception desk during checking times? b) What is the average time that a customer has to wait before actually being served? You often drop by at 3:00pm to monitor the reception, how many customers do you expect to see at the reception (checking-in or waiting to check in) at this time? c) Suppose the cost of waiting in the queue is estimated to be $2/min/customer. The hotel is considering buying an automated checking-in system that will cost $100,000/year. The automated system is expecting to reduce checking-in time from 6 minutes to 4 minutes. Is it worth it? Assume 1 year = 300days
assuming that everyone in the bar drank at the same rate and that suzy served people on a first come, first served basis, how long would you expect to have to wait for a drink?
Construct a control chart for test errors and set the control limits to contain 99.73% of the random variations in test scores. What does the chart tell you? Has the new math program been effective?
Discuss the ethics of continuing to do business with this firm. In this discussion evaluate the economic, legal and ethical issues. Describe how a written code of ethics might impact your decision.
Select an organization you have worked for or any organization of interest and discuss how decision analysis could be used to solve a business problem.
Season indices for the four quarters have been found to be 1.30, 0.90, 0.70, and 1.10 respectively. Compute a seasonalized or adjusted sales forecast.
The jackson company has invested in a machine that cost $70000, that has a useful life of seven years, and that has no salvage value at the end of its useful life.
a spice store orders 4800 pounds of black pepper per year. the store purchases each pound at a cost of 10. management
select a company from the texts or additional sources.write a 1050- to 1400-word paper discussing various physical
How much cash will be received in May from March revenues? Will that be all the revenue received that month?
Make a list of pizza delivery process design requirements. Associate with each requirement a measure that would ensure that the process meets the requirement
Illustrate what are the major business propositions for Woodmere and Home Help to consider in evaluating this proposal. Is time-based logistics the right strategy for each company.
Joshua Simms has currently been placed in charge of purchasing at the Med-Tech Labs, a medical testing laboratory. His job is to purchase testing equipment also supplies.
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