What is the total cost of each model

Assignment Help Operation Management

Reference no: EM131764818

At the start of football season, the York student ticket office gets busy the day before the first game. Customers arrive at the rate of four every ten minutes. A ticket seller can service a customer in four minutes. Traditionally, there are two ticket sellers working. The university is considering an automated ticket machine similar to the airlines' e-ticket system. The automated ticket machine can service a customer in 2 minutes.

Assume the ticket sellers earn $8 per hour and the machine costs $20 per hour (amortized over 5 years). The wait time is only $4 per hour because students are patient. What is the total cost of each model?

Reference no: EM131764818

Questions Cloud

How do the sample mean and the population mean differ : How do the sample mean and the population mean differ? What is the symbol for each type of mean?

Explain the question from consumer : Explain the question from consumer, producer, and market perspectives.

Journalize the entries to record the transactions : Journalize the entries to record the transactions. If no entry is required, simply skip to the next transaction

Economic outcomes associated with externality : Discuss two cases of either a negative or positive externality that affects you directly. What are the economic outcomes associated with each externality

What is the total cost of each model : The wait time is only $4 per hour because students are patient. What is the total cost of each model?

Implement a complex system which are linear : The notion of linearity extends to complex LTI systems. Demonstrate that if the four real systems required to implement a complex system are linear.

Fixed and variable costs and among total : What are the differences between fixed and variable costs and among total, average, and marginal costs

What standard deviation on service time : What standard deviation on SERVICE TIME does the agency have to achieve in order for the university to be willing to hire them?

Should government not only preserve but restore ecosystems : Should the government not only preserve but restore ecosystems that we have degraded the biodiversity even though this will be quite costly?

User Account

All Pages