COVID-19 has triggered panic buying from Ghanaians with the expectation that there will be declaration of lockdown after the closure of school across the country. Retailer are increasing the prices of their goods on the shelf based on the time it stays on the shelf. The management of “Brutus Stores” have decided on this price policy. The price of any item which is expected to sell within a 4week should be increased by 20%. However, if an item stays on the shelf after a week but less than or equal to two weeks the price should be increase by 15%. The price of any other item that stays on the shelf for more than two weeks should be increase by 2%. As a programmer you have been consulted to develop a java program that will: a. Request for item name, current price in GHc, expected duration on shelf. b. Compute the retail price of the item . c. Display the results. d. Explain your results.

COVID-19 has triggered panic buying from Ghanaians with the expectation that there will be declaration of lockdown after the closure of school across the country. Retailer are increasing the prices of their goods on the shelf based on the time it stays on the shelf. The management of “Brutus Stores” have decided on this price policy. The price of any item which is expected to sell within a 4week should be increased by 20%. However, if an item stays on the shelf after a week but less than or equal to two weeks the price should be increase by 15%. The price of any other item that stays on the shelf for more than two weeks should be increase by 2%. As a programmer you have been consulted to develop a java program that will: a. Request for item name, current price in GHc, expected duration on shelf. b. Compute the retail price of the item . c. Display the results. d. Explain your results.

Operations Research : Applications and Algorithms

4th Edition

ISBN:9780534380588

Author:Wayne L. Winston

Publisher:Wayne L. Winston

Chapter20: Queuing Theory

Section20.6: The M/m/s/gd/∞/∞ Queuing System

Problem 1P

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