The Associate Dean in the College of Business at Tech is attempting to determine which of two

Question:

The Associate Dean in the College of Business at Tech is attempting to determine which of two copiers he should lease for the college’s administrative suite. A regular copier leases for $8 per hour and it takes an employee an average of six minutes (exponentially distributed) to complete a copying job. A deluxe, high-speed copier leases for $16 per hour, and it requires an average of three minutes to complete a copying job. Employees arrive at the copying machine at the rate of seven per hour (Poisson distributed) and an employee’s time is valued at $10 per hour. Determine which copier the college should lease.


Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Operations And Supply Chain Management

ISBN: 289

8th Edition

Authors: Roberta S. Russell, Bernard W. Taylor

Question Posted: