Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2 (a) Students walking into One-Stop at NTU have complained of long lines and excessive waiting times during lunch hour. The manager decided to study

image text in transcribed
2 (a) Students walking into One-Stop at NTU have complained of long lines and excessive waiting times during lunch hour. The manager decided to study the problem, and with your help developed a system specification and formulated a simulation model. The manager then collected data on student arrival rates, counter service times and their break schedule. One of the key performance measures the manager was interested in reducing is the time the students spend at One-Stop, after their arrival. Table 1 shows the average time-in-system (in minutes) data during peak hour for 30 replications. Compute the point estimate for the expected time-in-system, expected variance and construct an approximate 95% confidence interval for the statistic, assuming that the mean throughput, p, is unknown and variance is estimated. (12 marks) Table 1: Cycle times (30 replications). Replication 12 3 6 7 9 10 Average 6.4 8.3 7.9 7.5 6.9 8.5 7.0 7.4 7.2 6.8 time-in system Replication 11 12 13 14 15 16 19 20 Average 7.1 8.1 7.5 7.7 8.5 7.8 7.3 8.4 7 5.8 time-in system Replication 21 22 23 26 27 28 29 30 Average 7.5 7.8 7.6 8.4 9.9 6.5 8.2 8.0 7.4 7.0 time-in system 8 17 18 . 24 25 (b) Is 30 the right number of replications to make for this case? How many replications should you generally make? Compute the number of replications for this experiment, assuming that the half-width interval should not be more than 1% of the mean. (8 marks) (Total 20 marks) 2 (a) Students walking into One-Stop at NTU have complained of long lines and excessive waiting times during lunch hour. The manager decided to study the problem, and with your help developed a system specification and formulated a simulation model. The manager then collected data on student arrival rates, counter service times and their break schedule. One of the key performance measures the manager was interested in reducing is the time the students spend at One-Stop, after their arrival. Table 1 shows the average time-in-system (in minutes) data during peak hour for 30 replications. Compute the point estimate for the expected time-in-system, expected variance and construct an approximate 95% confidence interval for the statistic, assuming that the mean throughput, p, is unknown and variance is estimated. (12 marks) Table 1: Cycle times (30 replications). Replication 12 3 6 7 9 10 Average 6.4 8.3 7.9 7.5 6.9 8.5 7.0 7.4 7.2 6.8 time-in system Replication 11 12 13 14 15 16 19 20 Average 7.1 8.1 7.5 7.7 8.5 7.8 7.3 8.4 7 5.8 time-in system Replication 21 22 23 26 27 28 29 30 Average 7.5 7.8 7.6 8.4 9.9 6.5 8.2 8.0 7.4 7.0 time-in system 8 17 18 . 24 25 (b) Is 30 the right number of replications to make for this case? How many replications should you generally make? Compute the number of replications for this experiment, assuming that the half-width interval should not be more than 1% of the mean. (8 marks) (Total 20 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Managerial Finance

Authors: Lawrence J. Gitman, Chad J. Zutter

13th Edition

9780132738729, 136119468, 132738724, 978-0136119463

More Books

Students also viewed these Finance questions