Solving poisson and exponential distribution problem

Assignment Help Business Management
Reference no: EM1378200

Partially completed items arrive at a workstation in a producing operation at a mean rate of forty per hour (Poisson distributed). The processing time at the workstation averages 1.2 minutes per per unit (exponentially distributed). The manufacturing company estimates that each unit of WIP inventory at the workstation costs $62 per day (on the average). However, the company can add an extra employee and reduce the processing time to 0.90 minute per unit at a cost of $104 per day. Determine whether the company should continue the present operation or add an extra employee.

Reference no: EM1378200

Questions Cloud

What are the strategic competitiveness consequences firms : What are the strategic competitiveness consequences firms can reach through international strategies in particular through an international diversification strategy?
Overcharge the current generation of customers : Retiring the debt, the customers are paying for old plant, and through depreciation charges they are paying for a new plant. Is this claim correct? Describe.
Comprise the website url where each template was found : Comprise the website URL where each template was found. Be sure to deliberate what value you ponder the charter would bring to a project.
Determine where corporate responsibility ends : Determine where corporate responsibility ends as well as personal responsibility begins. Give instances of at least three industries to illustrate your response.
Solving poisson and exponential distribution problem : Partially  completed  items arrive at a workstation in a producing operation at a mean rate of forty per hour. The processing time at the workstation averages 1.2 minutes per per unit
Review of prior years financial statements : A review of the prior year's financial statements, the present year's budget, and January's source documents- Write in the missing amounts a through o above in the T-accounts above.
As a career development tool mentoring has been related : As a career development tool mentoring has been related to both potential benefits and problems, define how you feel about the prospect of becoming involved in a mentoring relationship as part of your own career development.
Participates in the management of the property : Debbie's social security number is 035-11-4856, and address of the home is is 435Beachway Lane, Wrightsville Beach, NC 28480.
Identify the kinds of duress and discuss the legal effect : Identify the kinds of duress and discuss the legal effect of each. Identify the kinds of fraud and the elements that must be shown to establish the existence of each.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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