A Company Has Tool Cribs Where Workmen Draw Parts

question 48

Essay

A company has tool cribs where workmen draw parts.Two men have applied for the position of distributing parts to the workmen.George Fuller is fresh out of trade school and expects a $6 per hour salary.His average service time is four minutes.John Cox is a veteran who expects $12 per hour.His average service time is two minutes.A workman's time is figured at $10 per hour.Workmen arrive to draw parts at an average rate of 12 per hour.
a.What is the average waiting time a workman would spend in the system under each applicant?
b.Which applicant should be hired?
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Definitions:

Efficiently Produce

The ability of an entity or economy to maximize output with the given set of resources and technology, minimizing waste and costs.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two or more goods, given a set of inputs.

Maximum Possible Output

The highest quantity of goods and services an economy can produce when it is utilizing all of its resources efficiently.

Efficient Use

The allocation of resources in a manner that maximizes the output of goods and services with minimal waste.