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During busy periods, a new customer walks into LHS every 15 mins. (with a standard deviation of 15 mins). At SHC, a customer walks in every hour (with a standard deviation of 1 hour) LHS has a staff of 4 barbersm while SHC has 1 barber. A typical service time at either salon lasts 30 mins (with a standard deviation of 33 mins) a.On average how long will Customer A have to wait in lineat LHS before he can see a barber? (only include waiting time, not service time) b. calculate the average number of customers waiting at LHS. Explain how you would decide the number of seats the LHS facility should have for waiting customers c. If Customer A goes to SHC, on average, how long must he wait in line before his haircut starts? d. LHS will buy out SHC. Assume that the previous traffic of SHC customers now flows to the LHS location. To accommodate the new flow rate, LHS now staffs one additional barber (to increase headcount to 5) Is the new waiting time at LHS less than or greater than the waiting time of LHS before the merge? (assume the coefficient of variation of customer inter-arrival times is 1)
Please Make Summary (New venture creation Chapter 7 case study -Northwest Community Ventures fund) by small titles: Grassroots Business Initiatives, Inc. /Community Development Ven
You buy a 5 year bond with a 8% coupon rate, a YTM of 8% and a $80,000 face value. What will your annualized holding period return (HPR) on this investment be if you hold the bond
Answer the following questions based on your readings. 1. Describe an approach to a business diversity program that would be pragmatic and ethical. 2. What are three possible
System complexity - Boulding taxonomy To obtain an insight into the nature of the system with which the operations manager is dealing, consider the economist Kenneth Boulding
Problem: A leather company manufactures leather jackets and leather handbags. A leather jacket requires 8 square feet of leather, while a handbag requires 2 square feet. In ad
if minimum cost is same for two cell then which one to give preference in step 3 of this page http://www.expertsmind.com/learning/vogels-approximation-method-vam-assignment-help-
What effect does your organisation's facility layout have on the following (where appropriate): inter-process movement; health & safety; congestion; resource utilisation; work-in-p
Explain the eight general strategies in the business buying decision processes.
The weight of nominal 1-kg containers of a concentrated chemical ingrediant are shown below data. Part 0. 9475 0.9775 0.9965 1.0075 1.0180 0. 9705 0.9860 0.9975 1.0100
There are two learning objectives of this assessment. 1. The first relates directly to the operations management materials. This assessment will develop and test your understand
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