Question: develop a model. Neve Commercial Bank, oa a typical friday, receives 15 customers per hour, according to a Poisson process. ->There are two tellers at

develop a model.
Neve Commercial Bank, oa a typical friday, receives 15 customers per hour, according to a Poisson process.

->There are two tellers at the bank, and they can serve a customer, on average, 6 minutes. This service time follows an exponential distribution.

a) Identify the type of model this bank is.
b) Compute the average MOPs: number in queue, number in the system, time in queue, time in the system, utilization of the system, and probability of the system being empty.

Step by Step Solution

★★★★★

3.50 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a This bank operates under a queuing system specifically an MM2 queue The M stands for Poisson arriv... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

The Burger Dome waiting line model in Section 16.1 studies the waiting time of customers at its fast-food restaurant. Burger Domes single-channel waiting line system has an arrival rate of 0.75...

The Burger Dome waiting line model in Section 11.1 studies the waiting time of customers at its fast-food restaurant. Burger Dome's single-server waiting line system has an arrival rate of 0.75...

Customers checking out at Food Tiger arrive in a single-line queue served by two cashiers at a rate of eight per hour according to a Poisson distribution. Each cashier processes customers at a rate...

The chief accountant for Dickinson Corporation provides you with the following list of accounts receivable that were written off in the current year: Dickinson Corporation follows the policy of...

Internet CaseCharter Schools. You are an accountant in a state that allows charter schools, or public school academies, to educate kindergarten through 12th grade students and receive public funds to...

(Learning Objective 4: Preparing an income statement and a statement of changes in equity) Assume an Earl Copy Center ended the month of July 20X6 with these data: Requirement 1 Prepare the income...

Use the range approximation to determine an approximate value for the standard devia- tion for the data in Table 2.4.

Optical Dispensary borrowed $330,000 on January 2, 2016, by issuing a 15% serial bond payable that must be paid in three equal annual installments plus interest for the year. The first payment of...

One of your customers is delinquent on his accounts payable balance. You have mutually agreed to a repayment schedule of $630 per month. You will charge1.03 percent per month interest on the overdue...

Below is review of the books and records at December 31 for East West College. The review has identified the matters that may need addressing. Record any adjustments required to complete the year end...

how do i calculate the cost of sale? Required information Use the following information for the Exercises 3-7 below. (Algo) [The following information applies to the questions displayed below.] Laker...

For these questions use g = 9.80 m/s. You, with m = 75 kg, have just come down a ski slope and are traveling at 18.0 m/s. You continue to slide on the flat terrain at the bottom of the hill, being...

Should a company owner engage in a social coupon discount programme? Would you do so if you owned a business? What is the reason for this or why is it not? How would you make certain that your coupon...

We live in the industrial era 4.0. This era is marked by the rapid development of the internet which makes it easy for anyone to access various types of online gambling. What are the basic values in...

Innovation and Strategic Posture FOR NETFLIX: The process of innovation include improving products and actions inside and outside of the organization for all stakeholders. Therefore, the management...

It was 1989, a beautiful fall day in San Francisco. The World Series was just getting underway in Candlestick Park; and then, the ground began to shake! Across the city, a banquet was just getting...

More Info Dec. Received $24,000 cash from Cory in exchange for common stock. 2 Received $3,500 cash from customers for services performed. 5 Paid $550 cash for office supplies. 9 Performed services...

The executor of Gina Purcells estate has recorded the following information: Assets discovered at death (at fair value): Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....

Explain the role of officers in the management of a corporation.

We must decide whether a mail solicitation for internet service is deceptive as a matter of law within the meaning of the Federal Trade Commission Act. In the late nineties, Ian Eisenberg and Chris...

On January 3, 2002, Caterpillar contacted HSM Management Services (HSM), the management agent for Rosewood, a skilled nursing facility. Caterpillar requested that Rosewood admit Cook on a managed...

Calculate and compare the market values of a $100,000 face value Government of Canada Treasury bill on dates that are 91 days, 61 days, 31 days, and one day before maturity. Assume that the rate of...

A $5000 demand loan was advanced on June 3. Fixed monthly payments of $1000 were required on the first day of each month beginning July 1. Prepare the full repayment schedule for the loan. Assume...

Calculate and compare the issue-date prices of $100,000 face value commercial paper investments with 30-, 60-, and 90-day maturities, all priced to yield 5.5%.