The bank manager is concerned with its waiting line system in his bank. Currently bank uses a single-server, single-line, single-phase system. Based on historical evidence, the average number of customers arriving per hour is C1 and is described by a Poisson distribution. The service rate is <=15 >11 customers per hour with the service times following an exponential distribution. The customers are come from an infinite population. The manager of the bank would like calculate the operational characteristics of the waiting line system that: (a) What is the average system utilization? (b) What is the average number of customers in the system? (c) What is the average number of customers waiting in line? (d) What is the average time a customer spends in the system?

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A: Arrival Time =2 customers per hour Service Time = 20 minute  or 3 customer per hour

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A: Note: I have answered for sub-parts (a) to (c). Kindly post the remaining sub-parts separately.

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A:

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A:

Q: The Escargot is a small French restaurant with six waiters and waitresses. The average service time…

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A: ANSWER IS AS BELOW:

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A:

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A:

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A: Introduction: The term Market refers to an exchange of goods and services between the buyer and the…

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A:

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A:

Q: Town Taxi uses three dispatchers to handle requests for service and to dispatch the cabs. The…

A: Arrival rate (lambda) = 35 calls/hr Service rate (mu) = 60/3 = 20 calls/hr No. of servers (m) = 3

Q: Wingard Credit Union (from Problem 1) is also interested in understanding how long customers spend…

A: m = 1/average service time = 1/(3/2) = 2/3 minutes P(x&lt;X) = 1-EXP(-mX)

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Q: Ali Baba‘s Car Wash Service Centre is open 6 days a week, but its busiest day is always on Sunday.…

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Inventory Management

The supply chain is crucial to a firm's operations as it manages the inflow and outflow of products that are manufactured from the initial stage to the end product. It also considers the raw materials needed at different stages of production and when the work is in progress. Inventory management functions consist of ordering, storing, and procuring the organization's inventory like raw materials, factors, and finished products. It's also used for controlling the number of products for trade and helps manage the organization's inventory and stock. Inventory Management has been defined as having the right inventory, of the right volume, at the right cost.