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notka56 [123]
2 years ago
11

Consider a two-server parallel queuing system where customers arrive according to a poisson process with rate λ, and where the s

ervice times are exponential with rate μ. moreover, suppose that arrivals finding both servers busy immediately depart without receiving any service (such a customer is said to be lost), whereas those finding at least one free server immediately enter service and then depart when their service is completed. (a) if both servers are presently busy, find the expected time until the next customer enters the system. (b) starting empty, find the expected time until both servers are busy. (c) find the expected time between two successive lost customers.
Business
1 answer:
lara31 [8.8K]2 years ago
7 0
<span>I would assume that customers arrive at the queue according to the poisson process, and then decide whether to enter the queue or leave as per the rules in the question. for (a) I interpret "enter the system" as "join the queue". The expected time for this will be E(time until there is a free slot) + E(time for someone to arrive once a slot is free). Noting that the additional time taken for someone to arrive once a spot is free is independant of the time that the slot became free (memorylessness property of poisson process) The waiting time of a Poisson(\lambda) is exp(\lambda) with mean \frac{1}{\lambda} E(\text{Time someone enters the system})=\frac{1}{2\mu} + \frac{1}{\lambda} Your post suggests you already understand where \frac{1}{2\mu} comes from.</span>
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You have just received a windfall from an investment you made in a​ friend's business. She will be paying you $ 39 comma 769 at
Sergio [31]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

She will be paying you $39,769 at the end of this​ year, $79,538 at the end of next​ year, and $119,307 at the end of the year after that​.

The interest rate is 11.7 % per year.

A) We need to use the following formula:

NPV= Cf/[(1+i)^n]

NPV= 39769/1.117^1 + 79538/1.117^2 + 119307/1.117^3

NPV= 184,958.1

B) We need to use the following formula:

FV= PV*(1+i)^n

FV= 287,929.41

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2 years ago
Gwendolyn Hunt was driving while intoxicated when she hit and killed Felicia Meyers, a seven- year-old, in a school crosswalk. G
BigorU [14]
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4 0
2 years ago
1.How do your financial choices impact the economy? Trace the impact of your financial decisions.
hjlf
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Explanation;
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3 0
2 years ago
Read 2 more answers
The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencil
bezimeni [28]

Answer:

Part (a) Cost of goods sold

Sales                        $792,000

<em>Less Gross profit    </em>$462,000

Cost of goods sold $330,000

Part (b) Finished goods inventory at the end of the month

Opening Finished Goods                                   0

<em>Add</em> Cost of goods manufactured              396,000

Available for Sale                                         396,000

<em>Less</em> Cost of goods sold                              330,000

Finished goods inventory                              66,000

Part (c) Direct materials cost

Opening Materials                                           0

<em>Add</em> Materials purchased                         244, 200

Available for production                           244, 200

<em>Less</em> Materials inventory, ending                33,000

Direct Materials Cost                                   211,200

Part (d) Direct labor cost

Total manufacturing costs for the period          455, 400

<em>Less</em> Direct Materials Cost                                   211,200

<em>Less </em>Indirect labor                                                171, 600

<em>Less </em>Factory depreciation                                   26, 400

Direct labor cost                                                    46,200

Part (e) Work in process inventory at the end of the month

Total manufacturing costs for the period          455, 400

<em>Less </em>Cost of goods manufactured                     396,000

Work in process inventory                                   59,400

Explanation:

Part (a) Cost of goods sold

Cost of goods sold = Sales <em>Less </em>Gross profit

Part (b) Finished goods inventory at the end of the month

Finished goods inventory = Opening Finished Goods <em>Add</em> Cost of goods manufactured  <em>Less</em> Cost of goods sold                    

Part (c) Direct materials cost

Direct Materials Cost  = Opening Materials <em>Add</em> Materials purchased <em>Less</em> Materials inventory, ending                                    

Part (d) Direct labor cost

Direct labor cost  =Total manufacturing costs for the period Less all other manufacturing costs      

Part (e) Work in process inventory at the end of the month

Work in process inventory = Total manufacturing costs for the period <em>Less </em>Cost of goods manufactured        

7 0
2 years ago
The Broom Maker currently has annual sales of $387,000 and is operating at 88 percent of capacity. The profit margin of 5.5 perc
densk [106]

Answer: $15,614.68

Explanation:

Sales are projected to grow by 4.8% the next year.

= 387,000 * ( 1 + 4.8%)

= $405,576

The Projected addition to Retained Earnings = Expected Sales * Profit Margin * Retention ratio ( amount that is not paid as Dividend)

= 405,576 * 0.055 * ( 1 - 0.3)

= $15,614.68

8 0
2 years ago
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