Question: Shouldice is considering opening a small clinic in Paris with 5 beds. The inter-arrival time between patient arrivals is 24 hours, on average, with a

Shouldice is considering opening a small clinic in Paris with 5 beds. The inter-arrival time between patient arrivals is 24 hours, on average, with a standard deviation of 24 hours. There is no indication of a systematic arrival pattern over the course of the day. Assume that, an incoming patient is admitted right away if there is a bed available. If there is no bed available, the patients are willing to wait until there is one. An admitted patient stays in the clinic, on average, for 2.5 days with a standard deviation of 1 day. What is the average number of empty beds?

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 Finance Questions!