The Grand has booked the Stars Wars Trilogy and expects more customers. From conversations with other theater
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Question:
- The Grand has booked the Stars Wars Trilogy and expects more customers. From conversations with other theater owners, it estimates that the arrival rate will increase to 10 per minute. Output is supplied for a two-cashier and a three-cashier system. The Grand has space for ten customers to wait indoors to buy tickets. Which system would you like to consider?
Number of Channels | 2 | 3 |
Arrival Rate | 10 | 10 |
Service Rate | 6 | 6 |
Probability of No Units in System | .0909 | .1727 |
Average Waiting Time | .3788 | .0375 |
Average Time in System | .5455 | .2041 |
Average Number Waiting | 3.7879 | .3747 |
Average Number in System | 5.4545 | 2.0414 |
Probability of Waiting | .7576 | .2998 |
Probability of 11 in System | .0245 | less than .0088 |
a. | there is no doubt I will choose the three-cashier system *(Incorrect) |
b. | Both systems work equally well given all the considerations |
c. | will choose the two-cashier system based on the data given since the three-cashier system is not cost effective comparing to the two-cashier system |
d. | none of the above choices are correct |
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1260153590
12th edition
Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan
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