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

Prouction n operation management, Q3. What do you understand by “line balan...

Q3. What do you understand by “line balancing”? What happens if balance doesn’t exist?

Factors affecting scheduling - external factors, Factors Affecting Scheduli...

Factors Affecting Scheduling - External Factors The following factors govern the scheduling and are to be considered before establishing scheduling plan: External Factors:

Explain the history and core business of company kodak, 1. Describe The His...

1. Describe The History And Core Business Of Each Company Kodak And Fujifilm. 2. Determine what other management differences have impacted the relative success of Kodak and Fuji

Explain step of the risk identification process in a project, Describe the ...

Describe the outputs and subsequent steps of the risk identification process in a project.

Explain how would you measure customer profitability, How would you measure...

How would you measure customer profitability? What approach would you use in maximizing customer lifetime value? Explain

How leverage the support the small business, Determine how you would levera...

Determine how you would leverage the support provided by the U.S. Small Business Administration in planning and starting your own business. Provide specific examples to support you

Define what kind of problem would apply a systems analysis, What kind of pr...

What kind of problem would you apply a systems analysis to? Why?

Explain what is the total cost of this policy, Rocky Mountain Tire Center s...

Rocky Mountain Tire Center sells 20,000 go-cart tires per year. The ordering cost for each order is $40, and the holding cost is 20% of the purchase price of the tires per year. Th

What are the qualities you believe are important in a leader, Name three qu...

Name three qualities you believe are important in a leader. Elaborate on each of those qualities. Do you think a leader today has to be more aware of their ethical behaviours than

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