Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mimomo Golf Course owns 40 golf carts for lease by players at P1,500 per day. Vehicle breakdowns follow a Poisson distribution with an average of

Mimomo Golf Course owns 40 golf carts for lease by players at P1,500 per day. Vehicle breakdowns follow a Poisson distribution with an average of 0.1 breakdown per day per machine. They currently employ two mechanics to repair the carts whenever there is a breakdown. Service time for repairs are exponentially distributed with an average of 4 hours per repair or two carts repaired per day. Considering that repairmen are paid at P700 per day, what is optimal number of repairmen to minimize total cost for the company? Complete the table below to answer the question. Please observe the number of decimal place (d.c.) specified for each blank and do not use "commas" for values in the thousands

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

Real Analysis

Authors: N L Carothers

1st Edition

1139632434, 9781139632430

More Books

Students also viewed these Mathematics questions