A Queuing System Has an Arrival Rate of 5 Customers

question 47

Multiple Choice

A queuing system has an arrival rate of 5 customers per hour and a service rate of 8 customers per hour.You decide to build a simulation model to describe the service time per customer.The best appropriate distribution to use is:

• A)triangular
• B)exponential
• C)normal
• D)binomial
• E)discrete uniform

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Definitions:

Estimated Method

The estimated method is an accounting technique used to approximate the value of certain items or financial outcomes when exact figures are unavailable or impractical to determine.

Natural Disaster

A major adverse event resulting from natural processes of the Earth, such as floods, hurricanes, earthquakes, or volcanic eruptions, that can cause significant damage or loss of life.

Inventory Records

Documents that track the quantities, conditions, and locations of products a company has in stock, including raw materials, work-in-process, and finished goods.

Days' Sales in Inventory

A financial ratio indicating the average number of days it takes a company to sell its entire inventory in a given period.