Compute the operating characteristics of interest, Operation Management

Assignment Help:

An urn contains nine white balls and 11 black balls. A ball is drawn and replaced. If the ball is white your opponent pays you 25 cents. If it is black you pay him 25 cents. You have one dollar and your opponent has 50 cents. Play continues until one of you is broke. What is the probability that you lose all your money? What is the expected number of times that you play prior to the game ending? What is the answer to these two questions if both you and your opponent started with 75 cents? 2. The manager of the Hippon Drug Store is remodeling his facility and is considering three ways of organizing his branded-items business. The first way is to employ a fast clerk to wait on all customers. Assume such a clerk serves customers exponentially at an average rate of two minutes per customer. The second way is to employ two moderately fast clerks to wait on all customers. Assume each serves customers exponentially at an average rate of four minutes per customer. The third way is to use a self-service system in which each customer waits on himself. Self-service, at an average rate of six minutes, is slower than clerk service. The manager wants to calculate the average number of customers in the store, the average time each spends in the store, and the average time each spends waiting for service, under each way of organizing. Assume that customers arrive completely randomly, one at a time, at the rate of 15 per hour. Calculate the operating characteristics of interest to the manager.


Related Discussions:- Compute the operating characteristics of interest

Explain socially responsible company, In light of these actions, can GM sti...

In light of these actions, can GM still be a socially responsible company? If so, how?

Responsibilities of operations managers, what are the direct responsibiliti...

what are the direct responsibilities of operations managers?

Oprations process design, what is operation process design ? what are the i...

what is operation process design ? what are the important factors that effect a process design

Finance and the marketing function, Question 1: (a) What degree of aut...

Question 1: (a) What degree of autonomy does the HRM enjoy in relation to its various stakeholders? (b) Is conflict inherent in the relationship between the HR function on

Explain economic aspect of the triple bottom line concept, A firm's busines...

A firm's business practices toward its labor force pertain mainly to the economic aspect of the triple bottom line concept.

Mb0044, What do you understand by “line balancing”? What happens if balance...

What do you understand by “line balancing”? What happens if balance doesn’t exist?

Explain managers viewed emotional intelligence as important, 1.A credit car...

1.A credit card company is interested in the average balance tht is carried by its college aged card holders. They are particularly interested in whether the average balance of the

Work study, link between work study and value analysis?

link between work study and value analysis?

Explaining each milestone using the smart criteria, Identify at least eight...

Identify at least eight milestones for WBS and A Gantt chart. Write a one-page paper describing each milestone using the SMART criteria. Discuss how determining these milestones mi

Explain earned value measurement is a technique, Earned value measurement i...

Earned value measurement is a technique: Answer Suitable for risk monitoring and control Unsuitable for risk monitoring and control Suitable for risk monitoring but uns

Write Your Message!

Captcha
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