The fast-food hamburger restaurant mcburger

Reference no: EM131105320

Jim McDonald, manager of the fast-food hamburger restaurant McBurger, realizes that providing fast service is a key to the success of the restaurant. Customers who have to wait very long are likely to go to one of the other fast-food restaurants in town next time. He estimates that each minute a customer has to wait in line before completing service costs him an average of 30 cents in lost future business. Therefore, he wants to be sure that enough cash registers always are open to keep waiting to a mini mum. Each cash register is operated by a part-time employee who obtains the food ordered by each customer and collects the payment. The total cost for each such employee is $9 per hour. During lunch time, customers arrive according to a Poisson process at a mean rate of 66 per hour. The time needed to serve a customer is estimated to have an exponential distribution with a mean of 2 minutes. Determine how many cash registers Jim should have open during lunch time to minimize his expected total cost per hour.

Reference no: EM131105320

Questions Cloud

Derive a transcendental equation for the resonant frequency : derive a transcendental equation for the resonant frequency of the next resonant mode of the cylindrical dielectric resonator. (Hz odd in z.)

What is the relationship between current assets : What is the relationship between current assets and current liabilities?

What does this spot rate dynamics imply : What does this spot rate dynamics imply?(b) Obtain a PDE for a default-free discount bond price B(t, T) under these conditions.(c) Can you determine the solution to this PDE?

Determine the resonant frequencies of a rectangular cavity : [Assume a solution of the form X(x)Y (y)Z(z).]

The fast-food hamburger restaurant mcburger : Jim McDonald, manager of the fast-food hamburger restaurant McBurger, realizes that providing fast service is a key to the success of the restaurant.

Bugoff exterminators provides pest control services : Bug-Off Exterminators provides pest control services and sells extermination products manufactured by other companies. The following six-column table contains the company’s unadjusted trial balance as of December 31, 2011.

Derive a transcendental equation for the resonant frequency : Derive a transcendental equation for the resonant frequency of the dominant mode by writing the fields in the air- and dielectric-filled regions in terms of TE10 waveguide modes, and enforcing boundary conditions at z = 0, d - t, and d.

How is value created from dubai resources and capabilities : What resources, capabilities, and competencies does Dubai have? What strengths, weaknesses, opportunities, and threats exist for Dubai? How is value created from Dubai's resources and capabilities?

Would these assumptions be appropriate under the risk neutra : where N is a notional amount that we set equal lo one without loss of any generality.(a) How can you price such an option? (b) Suppose we assume the following;(i) Each ft, is a current observation on the future unknown value of Li. Would these assum..

User Account

All Pages