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1. Do you think the Poisson distribution, which assumes independent arrivals, is a good estimation of arrival rates in the following queuing systems? Defend your position in each case.
(a) Cafeteria in your school
(b) Barbershop
(c) Hardware store
(d) Dentist's office
(e) College class
(f) Movie theater
2. The Edge Convenience Store has approximately 300 customers shopping in its store between 9 a.m. and 5 p.m. on Saturdays. In deciding how many cash registers to keep open each Saturday, Edge's manager considers two factors: customer waiting time (and the associated waiting cost) and the service costs of employing additional checkout clerks. Checkout clerks are paid an average of $10 per hour. When only one is on duty, the waiting time per customer is about 10 minutes (or 1 6 hour); when two clerks are on duty, the average checkout time is 6 minutes per person; 4 minutes when three clerks are working; and 3 minutes when four clerks are on duty.
Edge's management has conducted customer satisfaction surveys and has been able to estimate that the store suffers approximately $13 in lost sales and goodwill for every hour of customer time spent waiting in checkout lines. Using the information provided, determine the optimal number of clerks to have on duty each Saturday to minimize the store's total expected cost.
Write a paper (1,500-1,750 words) that compares the following business theories: resource-based theory (RBT), complexity theory
Develop a simple data model for the music you have on your digital music player or in your CD collection. - What will be the primary key and foreign keys for the tables in your database?
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The W. M. Rooney Company has a 12 percent cost of capital. What are the project's discounted payback, NPV, IRR, and MIRR?
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You work as a waitress for outback steakhouse. The more efficient you are, the more tips you will receive.
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