The Waterfall Buffet in the lower level of the National ArtGallery serves food cafeteria-style daily to visitors andemployees. The buffet is self-service. From 7:00 A.M. to9:00 A.M. customers arrive at the buffet at a rate of eight perminute; from 9:00 A.M. to noon, at four per minute; fromnoon to 2:00, at 14 per minute; and from 2:00 P.M. to closing at 5:00 P.M., at eight per minute (Poisson distributed).All the customers take about the same amount of time toserve themselves and proceed to the buffet. Once a customer goes through the buffet, it takes an average of0.4 minute (exponentially distributed) to pay the cashier.The gallery does not want a customer to have to wait longerthan four minutes to pay. How many cashiers should beworking at each of the four times during the day?
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
The Waterfall Buffet in the lower level of the National Art
Gallery serves food cafeteria-style daily to visitors and
employees. The buffet is self-service. From 7:00 A.M. to
9:00 A.M. customers arrive at the buffet at a rate of eight per
minute; from 9:00 A.M. to noon, at four per minute; from
noon to 2:00, at 14 per minute; and from 2:00 P.M. to closing at 5:00 P.M., at eight per minute (Poisson distributed).
All the customers take about the same amount of time to
serve themselves and proceed to the buffet. Once a customer goes through the buffet, it takes an average of
0.4 minute (exponentially distributed) to pay the cashier.
The gallery does not want a customer to have to wait longer
than four minutes to pay. How many cashiers should be
working at each of the four times during the day?
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