Question: You have been asked to analyze the queue for registrations for a popular Financial Seminar at a major national conference. Conference attendees arrive to register
You have been asked to analyze the queue for registrations for a popular Financial Seminar at a major national conference. Conference attendees arrive to register at the rate of people every minutes Poisson distributed It takes each host, any number of which can be hired directly through the conference at the cost of $ per hour. It takes minutes to register a guest, following a negative exponential distribution The conference recognizes a waiting cost of $ per hour per guest in line. The goal is to not have the attendees wait in line more than minutes
A single waiting line is set up but can accommodate multiple servers.
a Based on the goal stated above, what is the minimum number of hosts that could be hired for this system? Select hosts
b Based on wait cost, what is the optimal number of servers needed to minimize total costs? Select hosts
c Rounded to the nearest dollar, what is total per day wait cost at the optimal number of servers if the registration desk is open for hours? Select $$$$$
d At the optimal number of servers, what is the average time to check in an attendee? Select minutes", of a minute", of a minute", minutes", minutes"
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