Benny the Barber owns a one- chair shop. At barber college, they told Benny that his customers
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Benny the Barber owns a one- chair shop. At barber college, they told Benny that his customers would exhibit a Poisson arrival distribution and that he would provide an exponential service distribution. His market survey data indicate that customers arrive at a rate of two per hour. It will take Benny an average of 20 minutes to give a haircut. Based on these figures, find the following:
a. The average number of customers waiting.
b. The average time a customer waits.
c. The average time a customer is in the shop.
d. The average utilization of Benny’s time
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Operations And Supply Chain Management
ISBN: 287
14th Edition
Authors: F. Robert Jacobs, Richard Chase
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