A Waiting-Line System That Meets the Assumptions of M/M/S Has

question 111

Multiple Choice

A waiting-line system that meets the assumptions of M/M/S has λ = 5,μ = 4,and M = 2.For these values,Po is approximately 0.23077,and Ls is approximately 2.05128.What is the average time a unit spends in this system?

• A)approximately 0.1603
• B)approximately 0.2083
• C)approximately 0.4103
• D)approximately 0.8013
• E)Cannot be calculated because λ is larger than μ.

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Definitions:

Temporary Working Capital

Additional working capital needed to support the fluctuating levels of business activity.

Cyclical Nature

Describes a pattern that repeats in cycles, often used in economics to describe the fluctuations in the economy over periods of expansions and recessions.

Seasonal

Pertaining to or occurring during a particular season of the year, often implying changes in business activities, market demand, or weather patterns that recur annually.

Working Capital Management

The practice of managing a company's short-term assets and liabilities to ensure it has sufficient liquidity to run its operations efficiently.