Question: Question 5 (2 points) Saved Use Queuing Calculator Scenarios (MMs finite capacity) figures to answer this question (link on page 1). Next summer, Chad will

Question 5 (2 points) Saved Use Queuing

Question 5 (2 points) Saved Use Queuing Calculator Scenarios (MMs finite capacity) figures to answer this question (link on page 1). Next summer, Chad will be selling ice cream cones at an outdoor stand in the Market area. Data there reveals a high expected demand for ice cream with 48 clients per hour. Chad can whip up a cone in about one minute. The stand's owners will pay Chad $16 per hour, and they consider waiting in line to cost 25 ($0.25) per minute per customer. Assume that inter-arrival & service times are exponential, that customers queue First-Come-First-Served, that the queue capacity is infinite and that all customers that join the queue leave only after obtaining their ice cream cone (no abandonment). Compute the average hourly cost of operating this stand (salary + waiting). Round your final answer to zero decimals. Your Answer: 64 Answer Question 6 (2 points) Use Queuing Calculator Scenarios (MMs finite capacity) figures to answer this question (link on page 1). Allison will also be selling ice cream at the Market this summer. She will sell her cones in a small store inside one of the Market buildings. Fortunately, the store is air conditioned but can only hold a maximum of 6 clients, including the one being served. In addition to the waiting cost of 25 per minute per customer, the owners consider it a loss when a client is blocked out of the store. This is estimated at $5 per blocked client. Assume the arrival and service rates are the same as those for Chad in the previous question, that customers who can enter the store also queue "First-Come-First- Served", and that Allison is paid $14 per hour. Compute the average hourly cost of operating her stand (salary + waiting + blocking). Round your final answer to zero decimals. Your

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
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!