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 a global corporation, A global corporation sees the world as its la...

A global corporation sees the world as its labor source as well as its marketplace. Therefore, a global corporation will locate an operation wherever it can accomplish its goals in

Explain advantage most likely to endure over time, 1).What are the primary ...

1).What are the primary implications of the material discussed in this chapter for strategy formulation? 2). When is a company's competitive advantage most likely to endure over ti

Describe how advancing technologies in the security, Explain how advancing ...

Explain how advancing technologies in the security field are changing how end users are identified. In your response, identify potential security gaps that may be caused by these n

Explain the size and timing of planned-order, A firm that produces wood shu...

A firm that produces wood shutters and bookcases has received two orders for shutters: one for 100 shutters and one for 150 shutters. The 100-unit order is due at the start of week

Explain how it affects the body in a negative way, A good thesis statement ...

A good thesis statement on the subject- Working Overtime: How it affects the Body in a Negative Way

What is industrial mnagement, What is industrial mnagement? Explain. ...

What is industrial mnagement? Explain. Industrial Management: Industrial Management includes guidance, leadership and control or efforts of a group of individuals toward sev

#, what do you understand by "line balancing"? what happens if balance dose...

what do you understand by "line balancing"? what happens if balance dosen''t exist?

Describe maintain your organization''s competitive edge, Identify changes i...

Identify changes in forecasting methodologies and approaches (for practices such as contracting, advanced payments, outsourcing to fix a price, continuous and fixed budgeting, simu

Explain shareholder activism, McDonald's Corporation, the world's largest f...

McDonald's Corporation, the world's largest fast-food restaurant chain, with 2010 revenues of $24 billion,has recently been on a "roll." Its shareholder value has more than doubled

Briefly describe the four different approaches to social, Briefly explain t...

Briefly explain the four different approaches to social responsibility that an organization can adopt.

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