User Account

All Pages

Operating characteristics from queuing model

Assignment Help Business Economics
Reference no: EM133188748

Given the following Operating Characteristics from a queuing model with time units specified in hours, answer the five questions:

Po = 0.2857

Lq = 0.4960

L = 1.6071

Wq = 0.0496

W = 0.1607

Pw = 0.3968

1. What is the probability that there are no customers in the system?

2. What is the average time, in minutes, a customer spends waiting and being served?

3. What is the average time, in minutes, a customer waits in line before being served?

4. What is the average number of customers in the system?

5. If the system serves a customer every 6 minutes, what is the service rate?

Reference no: EM133188748

Questions Cloud

Illegal issues-exculpatory clauses in contracts : Should triathlon participants be expected to honor their promise with respect to exculpatory clauses in contracts?
Great Recession : The banking industry crisis, bailout of commercial and investment banks. Actions taken by the Federal Reserve to mitigate the crisis.
Significance of crosswalk as analytical tool : What is the significance of a crosswalk as an analytical tool? How might you use this analytical tool if you were a public administrator?
Budget preparation-enactment and execution : Based on the city's or county's CAFR and budget information, identify elements involved in budget preparation, enactment, and execution.
Operating characteristics from queuing model : What is the probability that there are no customers in the system? What is the average number of customers in the system?
Economist and businessperson might view monopoly : Describe an important difference in the way an economist and a businessperson might view a monopoly.
International trade has been great boon for many countries : International trade has been a great boon for many countries and, in general, has been more beneficial for the world than not.
Dealing with risk and uncertainty : Examine an adverse selection problem your company is facing and recommend how it should minimize its negative impact on transactions.
Apply froebs analytic method : This discussion will provide you with an opportunity to apply Froeb's analytic method. What was their incentive? Who made the bad decision?

Reviews

Write a Review

Business Economics Questions & Answers

  Containerization and economic globalization

What is the connection between containerization and economic globalization?

  Present two policy recommendations based on this issue

Use critical thinking to analyze the issue using economic concepts and theory learned in our class. Present two policy recommendations based on this issue. Use additional references to back up your arguments. Include at least one graph developed in t..

  Calculate the allocation of outputs across the two periods

Suppose the MWTP in periods 1 (now) and 2 (one year from now) is given by P = 8-0.4q. Marginal extraction cost = $2. r = 20%. The available supply is 20 units. Calculate the allocation of outputs across the two periods that maximizes the present valu..

  Profits associated with polluting for friedman

Profits associated with polluting for Friedman Inc. are π = 40Q - 2Q2, where Q = pollution emitted (in tons), and profits are measured in dollars.

  Discuss the effect on the number of people employed

Increased outsourcing to India by firms in the United States and other developed countries has driven up the wage of some Indian skilled workers by 10% to 15%. With the aid of a supply and demand diagram, briefly explain the change (if any) in the ma..

  Supply chain is dominated by large retailers

In the past manufactures dominates the supply chain, but now the supply chain is dominated by large retailers. Give two reasons why this is the case while referring to "Power".

  Analyze link between firms production process-total costs

Analyze the link between a firm’s production process and its total costs. What are the different types of costs a firm faces in the short run and long run. What are the major differences in perfectly competitive firm and monopoly. List and explain at..

  Specific examples of behaviors of firms

Give two specific examples of behaviors of firms in the real world that cannot be easily explained by perfect

  Government regulation-reduction of the enforcing regulatory

Select a Government Regulation. Identify a particular government regulation of your choosing that in your opinion has either been successful or a failure. Briefly state the original purpose of this regulation and whether it has changed over time. The..

  Analyze production data and prepare a proposal

analyze the following production data and prepare a proposal suggesting how to maximize profits.

  How much the economy money supply increase

If the First National decides to reduce its reserves to only the required amount, by how much the economy's money supply increase?

  Illustrate what is the most effective process of decreasing

Illustrate what is the most effective process of decreasing the quantity of drugs consumed and decreasing the amount of drug-related crime.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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