Ajax, Incspecializes in the Maintenance and Repair of All Types of of Electronic

question 14

Essay

Ajax, Inc.specializes in the maintenance and repair of all types of electronic products.Tools and test equipment needed by its many skilled technicians on various diverse jobs must be drawn from and returned to a centrally-located tool room.Technicians arrive at the tool room at the rate of 20 per hour according to a Poisson process and earn $16 per hour per person.The company can hire tool room clerks at $10 per hour.It is estimated that it takes an average of 4 minutes for a clerk to serve a technician and service time follows an exponential distribution.Determine the optimal number of tool room clerks that Ajax should hire.

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Definitions:

Profit

The financial gain realized when the revenue from business activities exceeds the expenses, costs, and taxes associated with sustaining the activity.

Gram

A unit of weight that is one thousandth part of a kilogram, measured in the metric system.

Ounce

A unit of weight commonly used in the United States and the United Kingdom, equal to one-sixteenth of a pound or approximately 28.35 grams.

Grip-Cap Roofing Nails

Specialized nails used in roofing, designed with a wider head or cap to securely hold roofing materials in place.