For Billys bank situation in problems 12.4 and 12.5, the salary and benefits for the teller would be 12 dollars per hour. The bank is open 8 hours each day. It has been estimated that the wait time cost is 25$ per hour in line.How many Customers would enter the bank on a typical day?How much total time would the customers spend waiting in line during the entire day if two tellers were used? What is the total Daily waiting cost?How much total time would customers spend waiting in line during the entire day if two tellers were used? What is the total daily waiting cost?If billy wishes to minimize the total waiting time and personal cost how many tellers should be used? Billy's Bank is the only bank in a small town inArkansas. On a typical Friday, an average of 10customers per hour arrives at the bank to transactbusiness. There is one single teller at the bank, andthe average time required to transact business is4 minutes. It is assumed that service times can bedescribed by the exponential distribution. Althoughthis is the only bank in town, some people in thetown have begun using the bank in a neighboringtown about 20 miles away. If a single teller at Billy'sis used, find Refer to the Billy's Bank situation in Problem 12-24.Billy is considering adding a second teller (whowould work at the same rate as the first) to reducethe waiting time for customers, and he assumes thatthis will cut the waiting time in half. A single linewould be used, and the customer at the front of theline would go to the first available bank teller. If asecond teller is added, find

Find the Given details below: Arrival time λ 10 Service time μ 15.00 Calculation methods:…

For Billys bank situation in problems 12.4 and 12.5, the salary and benefits for the teller would be 12 dollars per hour. The bank is open 8 hours each day. It has been estimated that the wait time cost is 25$ per hour in line. How many Customers would enter the bank on a typical day? How much total time would the customers spend waiting in line during the entire day if two tellers were used? What is the total Daily waiting cost? How much total time would customers spend waiting in line during the entire day if two tellers were used? What is the total daily waiting cost? If billy wishes to minimize the total waiting time and personal cost how many tellers should be used?

For Billys bank situation in problems 12.4 and 12.5, the salary and benefits for the teller would be 12 dollars per hour. The bank is open 8 hours each day. It has been estimated that the wait time cost is 25$ per hour in line. How many Customers would enter the bank on a typical day? How much total time would the customers spend waiting in line during the entire day if two tellers were used? What is the total Daily waiting cost? How much total time would customers spend waiting in line during the entire day if two tellers were used? What is the total daily waiting cost? If billy wishes to minimize the total waiting time and personal cost how many tellers should be used?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter12: Queueing Models

Section: Chapter Questions

Problem 52P

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