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Sally Gordon has just completed her MBA degree and is proud to have earned a promotion to Vice President for Customer Services at the First Bank of Seattle.One of her responsibilities is to manage how tellers provide services to customers,so she is taking a hard look at this area of the bank's operations.Customers needing teller service arrive randomly at a mean rate of 30 per hour.Customers wait in a single line and are served by the next available teller when they reach the front of the line.Each service takes a variable amount of time (assume an exponential distribution),but on average can be completed in 3 minutes.The tellers earn an average wage of $18 per hour.(a)If two tellers are used,what will be the average waiting time for a customer before reaching a teller? On average,how many customers will be in the bank,including those currently being served? (b)Company policy is to have no more than a 10% chance that a customer will need to wait more than 5 minutes before reaching a teller.How many tellers need to be used in order to meet this standard? (c)Sally feels that a significant cost is incurred by making a customer wait because of potential lost future business.Sally estimates the cost to be $0.50 for each minute a customer spends in the bank,counting both waiting time and service time.Given this cost,how many tellers should Sally employ? d)First Bank has two types of customers: merchant customers and regular customers.The mean arrival rate for each type of customer is 15 per hour.Both types of customers currently wait in the same line and are served by the same tellers with the same average service time.However,Sally is considering changing this.The new system she is considering would have two lines-one for merchant customers and one for regular customers.There would be a single teller serving each line.What would be the average waiting time for each type of customer before reaching a teller? On average,how many total customers would be in the bank,including those currently being served? How do these results compare to those from part a.(e)Sally feels that if the tellers are specialized into merchant tellers and regular tellers,they would be more efficient and could serve customers in an average of 2.5 minutes instead of 3 minutes.Answer the questions for part d again with this new average service time.
Psychosocial Theories
Theories that explore how psychological and social factors interact to influence individual development and behavior.
Aging
The process of becoming older, which is characterized by a gradual decline in physiological function and the capacity to respond to environmental stress.
Relationships
Connections or associations between two or more people, characterized by emotional, social, or professional interactions.
Safety Concerns
Issues or situations that pose a risk to the health, well-being, or security of individuals or communities.
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