You have been asked to analyze the queue for registrations for a popular MSOM seminar at a major national conference. Conference attendees arrive to register at the rate of 5 people every 15 minutes (Poisson distributed). It takes each host, any number of which can be hired directly through the conference at the cost of $17 per hour, 7 minutes to register a guest, following a negative exponential distribution. The conference recognizes a waiting cost of $40 per hour per guest in line. A single waiting line is set up, but can accommodate multiple servers.
What is the minimum number of hosts that could be hired for this system? hosts
What is the optimal number of servers needed to minimize total costs? hosts
Rounded to the nearest dollar, what is total cost for the system (including waiting and service costs) at the optimal number of servers if the registration desk is open for an 8 hour day?
At the optimal number of servers, what is the average time a guest would spend waiting to register?
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 17:40, treestump090
Aproduct has a demand of 4000 units per year. ordering cost is $20, and holding cost is $4 per unit per year. the cost-minimizing solution for this product is to order: ? a. 200 units per order. b. all 4000 units at one time. c. every 20 days. d. 10 times per year. e. none of the above
Answers: 3
Business, 22.06.2019 22:00, lol9691
Gyou are in charge of making the work schedule for the next two weeks. typically this is not a difficult task as you work at a routine 8am – 5pm company. however, over the next two weeks you are required to schedule someone to be in the office each saturday. after contemplating this for a few days you make the schedule and assignments. before posting the schedule for everyone you decide that it is a good idea to meet personally with the two people you have scheduled to work the weekend. what do you say to them? what is your desired outcome?
Answers: 3
Business, 22.06.2019 23:40, bakerj8395
Gif the federal reserve did not regulate fiscal policy, monitor banks and provide services for banks, what would most likely be the economic conditions to transact business in the u. s.? the economy would primarily be based on a barter system rather than a fiat system. there would be no discrimination in lending by local banks. the economy would be less efficient and transactions most likely more costly.
Answers: 1
You know the right answer?
You have been asked to analyze the queue for registrations for a popular MSOM seminar at a major nat...
Questions in other subjects:
History, 01.08.2019 11:20
Health, 01.08.2019 11:20
History, 01.08.2019 11:20
Mathematics, 01.08.2019 11:20
