Question
You are asked to design a system for which you receive 1 dollar in revenue for every arriving job that is served without waiting before
You are asked to design a system for which you receive 1 dollar in revenue for every arriving job that is served without waiting before processing and 50 cents for every job that is processed but has to wait before processing. Arrivals occur according to a Poisson process with rate 54 per hour and the processing times are exponentially distributed with mean 1 minute. You are considering the following two choices: (a) A single processor, admit all arrivals, processing in FIFO order. (b) A single processor, limit the number in system to 5, serve arrivals in FIFO order. Which would you choose if your goal is to maximize the rate of revenue? Please show all calculations
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