Examlex
The Arctic Flyers minor league hockey team has one box office clerk.On average,each customer that comes to see a game can be sold a ticket at the rate of eight per minute.For normal games,customers arrive at the rate of five per minute.Assume arrivals follow the Poisson distribution and service times follow the exponential distribution.
a.What is the average number of customers waiting in line?
b.What is the average time a customer spends in the waiting line?
c.What is the average number of customers in the system?
d.What is a customer's average time in the system?
e.What is the probability that someone will be buying tickets when an arrival occurs?
The Flyers are playing in the league playoffs and anticipate more fans,estimating that the arrival rate will increase to 12 per minute.Output is supplied for two- and three-cashier systems.
Managerial Problem Solving
The process by which managers identify, analyze, and resolve issues within an organizational context using strategic thinking, decision-making techniques, and leadership skills.
Certainty
A condition in decision-making where all necessary information is known and the outcome of a decision is predictable.
Best Solution
The optimal resolution or answer to a problem that maximizes effectiveness and efficiency while minimizing downsides and costs.
Decision Making
The process of choosing between alternatives to reach a conclusion or strategy.
Q14: An example of a heuristic is the<br>A)minimum
Q14: When activity times are uncertain,total project time
Q21: Each point on the efficient frontier is
Q23: Pairwise comparisons are used to<br>A)compare criteria in
Q24: The total cost for a waiting line
Q36: In portfolio models,risk is minimized by diversification.
Q37: For the inventory model with planned shortages,the
Q44: The 0-1 variables in the fixed cost
Q44: It is possible that a nonlinear application
Q47: The EOQ model is insensitive to small