Question: Simulate the system in Problem 10. Make any assumptions about the warm-up time and run time you believe are appropriate. Try solving the problem with
Simulate the system in Problem 10. Make any assumptions about the warm-up time and run time you believe are appropriate. Try solving the problem with exponentially distributed copying times. Then try it with gamma-distributed copying times, where the standard deviation is 3.2 minutes. Do you get the same recommendation on which machine to purchase?
Data from Problem 10:
The Decision Sciences Department is trying to determine whether to rent a slow or a fast copier. The department believes that an employee’s time is worth $15 per hour. The slow copier rents for $4 per hour, and it takes an employee an average of 10 minutes to complete copying. The fast copier rents for $15 per hour, and it takes an employee an average of six minutes to complete copying. On average, four employees per hour need to use the copying machine. (Assume the copying times and inter-arrival times to the copying machine are exponentially distributed.) Which machine should the department rent to minimize expected total cost per hour?
Step by Step Solution
3.42 Rating (174 Votes )
There are 3 Steps involved in it
Renting a copier summary of results Seed for both runs 123 Inputs Slow copier Fast copier Employ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (3 attachments)
1497_60b74122cb407_695209.pdf
180 KBs PDF File
1497_6049fac64a1f9_695209.xlsx
300 KBs Excel File
1497_60b74122cb407_695209.docx
120 KBs Word File
