Phillip Florrick is responsible for the warehouse operation for a local discount department store chain. The warehouse

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Phillip Florrick is responsible for the warehouse operation for a local discount department store chain. The warehouse has only one unloading dock that is currently operated by a single three- person crew. Trucks arrive at an average rate of five per hour and follow the exponential probability distribution. The average time for one of the crews to unload a truck tends to follow a normal distribution, with a mean of 9 minutes and standard deviation of 3 minutes (minimum time is 1 minute). Phillip has estimated the cost of operating 2 truk at $4-0 per hour. Phillip pays each person on the unloading crew $11 per hour. The unloading dock operates 8 hours each day. Simulate 100 days of this operation to calculate the total daily cost. Replicate this calculation N times to compute the expected total cost per day of this operation.
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Managerial Decision Modeling With Spreadsheets

ISBN: 9780136115830

3rd Edition

Authors: Nagraj Balakrishnan, Barry Render, Jr. Ralph M. Stair

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