Question: Suppose that a queuing system under consideration with arrival rate 8 customers per hour with Poisson distribution and serve 10 customers per hour with exponential

Suppose that a queuing system under consideration with arrival rate 8 customers per hour with Poisson distribution and serve 10 customers per hour with exponential service time. Use the Excel template for economic analysis with the M/M/s model to find the optimal number of servers for each of the following cases.

  1. cost of server= $100 and cost of waiting in the system= $10
  2. cost of server = $100 and cost of waiting in the system= $100
  3. cost of server = $10 and cost of waiting in the system= $100

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