upper bound, Operation Management

Assignment Help:
Customers arrive at a fast food restaurant with one server at a mean rate of 30 per hour. The server has just resigned, and the two candidates for the replacement are X (fast but expensive) and Y (slow but inexpensive). Both candidates would have an exponential distribution for service times with X having a mean of 1.2 minutes and Y having a mean of 1.5 minutes. Restaurant revenue per month is given by $6,000/W where W is the expected waiting time (in minutes) of a customer in the system.

Determine the upper bound on the difference in their monthly compensations that would justify hiring X rather than Y.3

Related Discussions:- upper bound

Explain the concept of supply chain management, Question 1: What are th...

Question 1: What are the various decisions Operations Managers are called upon to make in the manufacturing and service Industries for the various operational areas under his r

Breadth of supplier base - many or few suppliers, Breadth of Supplier Base ...

Breadth of Supplier Base - Many or Few Suppliers The traditional approach to supplier selection is to prepare a tender document and request a quotation from a range of suitabl

Explain how is the search industry changing, How is the search industry cha...

How is the search industry changing? What forces seem most likely to bring about major change to the industry within the next three to five years?

Determining operations strategy - traditional approaches, Determining Opera...

Determining Operations Strategy - Traditional and Emerging Approaches Three known and acknowledged procedures are presented here: the Hill, Platts and Gregory, and the Slack

Explain human resource management legal issues, Submit Apple, Inc.'s Human ...

Submit Apple, Inc.'s Human Resource Management Legal Issues related to Apple, Inc.'s HRM Strategic Workforce Improvement Plan project

Explain what are the implications of this for rochem, How do the two altern...

How do the two alternative process technologies (Chemling and AFU) differ in terms of their scale and automation? What are the implications of this for Rochem?

Explain information systems, Write an essay of between 750-1000 words, doub...

Write an essay of between 750-1000 words, double-spaced, on the topic of information systems being leveraged to create competitive advantage for the business. Use well-known indust

Explain compensated for the loss in purchasing power, Fourteen years ago, t...

Fourteen years ago, the U.S. Aluminium Corporation borrowed $9.9 million. Since then, cumulative inflation has been 98 percent (a compound rate of approximately 5 percent per year)

Describe what is the value creation frontier, 1. What is the value creation...

1. What is the value creation frontier? How does each of the four generic business models allow a company to reach this frontier? 2. How can companies' pursuing cost leadership

Explain how proper evaluations help develop an employee, How proper evaluat...

How proper evaluations help develop an employee to benifit a company in a postive way VS. No evaluations. This course requires a 1,600-word term paper (measured from abstract to ju

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