What is the utilization factor for customer service counter

Assignment Help Operation Management
Reference no: EM131224162

The service counter in a local bank has two teller windows. Customers wait in a single line before being served by the first available teller. Historical records indicate that customers arrive at an average rate of 30 per hour and are served at an average rate of 24 per hour. The teller windows are open for 8 hours each day. The estimated cost of operating each teller windows is $30 per hour. The estimated cost of waiting is $20 per hour.

a. What is the utilization factor for the customer service counter?

b. What is the average number of customers waiting in line to be served?

c. What is the average amount of time that a customer spends waiting in line to be served?

d. What is the probability that there are no customers waiting in line to be served?

e. What is the total daily system cost?

Reference no: EM131224162

Questions Cloud

Describe an offensive tactic and a defensive tactic : Describe an offensive tactic and a defensive tactic that Samsung has used or should use to gain a competitive edge. Explain if these tactics were successful, if used by the firm in the past.
When would a project manager not allow changes to baseline : Why is it important for project managers to resist changes to the project baseline? Under what conditions would a project manager make changes to a baseline? When would a project manager not allow changes to a baseline?
Planning to construct a nuclear power plant in oregon : Your company is planning to construct a nuclear power plant in oregon . why is stakeholder analysis important as precondition of the decision whether or not to follow through with such a plan ? Conduct a stakeholder anallysis for aplanned upgrade to ..
Systems thinking assignment : Build a language of systems change, Teaching systems thinking (Bishop) and identify a systems in your workplace or South African Society. Describe and analyse it by applying what you have learnt in this course. How would you go about addressing th..
What is the utilization factor for customer service counter : The service counter in a local bank has two teller windows. Customers wait in a single line before being served by the first available teller. Historical records indicate that customers arrive at an average rate of 30 per hour and are served at an av..
Advantages and disadvantages of planning function : How the manager in agile organization may use both advantages and disadvantages of planning function to their advantage?
Best financial practices : List at least five "Best financial practices" that you believe are important for the healthcare organizations?
Determining whether to allow a horizontal merger : Discuss why the courts use a rule of reason when determining whether to allow a horizontal merger.
House and face a huge financial burden : Tell David that he's going to be fired, so that he doesn't buy the house and face a huge financial burden. In this case, you will betray your boss's confidence, and may create some problem for the company as David may sabotage the project.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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