Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what should the treatment facility decide regarding how many gallons it will overbook the facility? Many treatment facilities overbook customer demand to assure there is

what should the treatment facility decide regarding how many gallons it will overbook the facility?

image text in transcribed
Many treatment facilities overbook customer demand to assure there is no shortage of capacity. Some customers have regular water and wastewater demand that is consistently scheduled in advance, while other customer demand may run from or to their treatment facility around other events that can influence demand (i.e. community event, holiday, etc.). The treatment facility estimates that their employee s capacity is 7,500 gallons per day (per 8 hour shift). Each employee costs $2.25 per gallon. If customer demand exceeds capacity, the treatment facility has to arrange for employees on-call to come in and operate a back-up system support the overload. This requires an added fee which results in a loss of $7.50 per gallon. Customer demand may not be regular or consistent. These issues are normally distributed with a mean of 350 gallons and a standard deviation of 100 gallons. What should the treatment facility decide regarding how many gallons it will overbook the facility? O 54 O 29 O 276 O163

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

Discrete Mathematics

Authors: Gary Chartrand, Ping Zhang

1st Edition

1478616261, 9781478616269

More Books

Students also viewed these Mathematics questions

Question

Bayes Rules! An Introduction to Applied Bayesian Modeling

Answered: 1 week ago