A single-server queue has random arrivals at a rate of 30 an hour and random service times

Question:

A single-server queue has random arrivals at a rate of 30 an hour and random service times at a rate of 40 an hour. If it costs £20 for each hour a customer spends in the system and £40 for each hour of service time, how much does the queue cost?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Quantitative Methods For Business

ISBN: 978-0273739470

5th edition

Authors: Donald Waters

See More Books

Question Posted: Sep 20, 2012 12:36 AM

See More Questions

A truck engine consumes diesel at a rate of 30 L/h and delivers 65 kW of power to the wheels. If the fuel has a heating value of 43.5 MJ/kg and a density of 800 kg/m3, determine (a) The thermal...
a. By how much does the average cost change between processing 10,000 and 20,000 documents? Why? b. Does the marginal cost change in the same way? Volume 10,000 20,000 Variable 70,000 140,000 Fixed...
Elm Corp. makes two products: C and D. The following data have been summarized: Indirect manufacturing cost information includes the following: The company plans to manufacture 250 units of each...
In Problems, first find the domain of the given function f and then find where it is increasing and decreasing, and also where it is concave upward and downward. Identify all extreme values and...
Use the result of Exercise 7.45 to show that, if n independent random variables Xi have normal distributions with the means i and the standard deviations i, then Y = 1X1 + 2X2 + + anXn has a...
Calculate the range for each of the following sets of data: a. $4,6,9$ b. $14,17,11,19,12$ c. $25,22,27,30,21,26,29$ d. $10,8,4,16,9,7,9,13,6,11$ e. $73,66,91,84,69,87,62,79,82,90$ f....
Milano Pizza Club owns three identical restaurants popular for their specialty pizzas. Each restaurant has a debtequity ratio of 40 percent and makes interest payments of $41,000 at the end of each...
Boyd Corporation issued $1,500,000 of 9% nonconvertible bonds at 107, due in 10 years. Each $1,000 bond was issued with 45 detachable stock warrants, each of which entitled the holder to purchase,...
It has now been one month since you launched your business. You are meeting with a few investors soon to share your vision for the company and to ask for more funding. You will be sharing your...
Describe the operating characteristics of a single-server queue with random arrivals at an average rate of 100 an hour and random service times at an average rate of 120 an hour.
Piotr Banasiewicz is a self-employed plumber who offers a 24-hour emergency service. For most of the year, calls arrive randomly at a rate of six a day. The time he takes to travel to a call and do...
The following information was taken from the records of Midler Cosmetics, Inc., at December 31, 2014: Requirements 1. Using the End- of- Chapter Summary Problem (pages 637638) as an example, prepare...
The current zero-coupon yield curve for risk-free bonds is as follows: Maturity (years) 5 5 YTM 4.96% 5.53% 5.78% 5.98% 6.04% What is the price per $100 face value of a four-year, zero-coupon,...
What are the implications of cryptic diversity, species crypticism, and species complexes for biodiversity assessment, conservation prioritization, and ecosystem management, particularly in cryptic...
Using UK law, define the civil law and criminal law, compare civil law with criminal law and analyse the impact of English civil law and criminal law on business and professional services.
Lion I Of 1 0 of 10 points Question 1 Unlimited tries At one college, the tuition for a full-time student is $8,000 per semester. It has been announced that the tuition will increase by 3 percent...
WHAT IS SUBSTANTIVE CRIMINAL LAW VERSUS PROCEDURAL CRIMINAL LAW ?
Calculate I x I x and I y I y for the half-disk x 2 + y 2 R 2 , x 0 x 2 + y 2 R 2 , x 0 (in meters), with total mass M M kilograms and uniform mass density.
Modify the counter from Exercise 5.44 such that the counter will either increment by 4 or load a new 32-bit value, D, on each clock edge, depending on a control signal Load. When Load = 1, the...
The odds against winning a certain lottery are ten million to one. Make up an example to help visualize these odds.
After reviewing the waiting line analysis of Problem 12, the manager of Petes Market wants to consider one of the following alternatives for improving service. What alternative would you recommend?...
Ocala Software Systems operates a technical support center for its software customers. If customers have installation or use problems with Ocala software products, they may telephone the technical...
Ocala Software Systems operates a technical support center for its software customers. If customers have installation or use problems with Ocala software products, they may telephone the technical...
The weekly salaries (in dollars) of 24 randomly selected employees of a company are shown below: 310 320 450 460 470 500 520 580 600 650 700 540 710 840 870 900 1000 1200 1250 1300 1400 1720 2500...
(a) Assume a non-dividend paying asset St, undergoes geometric Brownian motion dS = S+dt+S+dWt where W is a standard Brownian motion and and are constants. We assume also that r, the risk-free...
Eleanor is auditing a large manufacturing company. Currently, she is looking at the entire population of inventory purchases for the year, and matching the purchase order, receiving documentation,...

A single-server queue has random arrivals at a rate of 30 an hour and random service times

Question:

Step by Step Answer:

Here we know that Arrival rate 30 an hour Service rate 40 an hour Each custo...View the full answer

Quantitative Methods For Business

Students also viewed these Statistics questions