Scenario four the main street branch of the bank is much


Please read the scenario and answer the  question basis on the scenario.

Scenario Four: The Main Street branch of the bank is much larger than the Elm Street location and services more customers on a daily base. Additionally it has upgraded it computer services and facilities making it quicker to service customers at its drive in window. On average each customer service representative can service 3 customers every fifteen minutes at a cost of salary and a benefit for a bank teller is $21.50 per hour. The bank is open 8 hours each day. If it has been estimated that the waiting time cost per hour is $75.00 per hour in line. The branch operates one lane for the entire 8 hours per day but opens a second lane during peak times four hours per day. Assume the arrival rate for off-peak hours is 2.5 customers every 20 minutes and the arrival rate for peak time increases to 3 customers every 15 minutes.

The table given below shows the waiting time of customers at Main street branch of the bank

Parameter

          Value    

        Minutes

S       econds

M/M/s

 

 

 

Arrival rate(lambda)

19.5

 

 

Service rate(mu)

12

 

 

Number of servers

2

 

 

Server cost $/time

21.5

 

 

Waiting cost $/time

75

 

 

Average server utilization

0.81

 

 

Average number in the queue(Lq)

3.16

 

 

Average number in the system(L)

4.78

 

 

Average time in the queue(Wq)

0.16

9.71

582.76

Average time in the system(W)

0.25

14.71

882.76

Cost (Labor + # waiting*wait cost)

279.75

 

 

Cost (Labor + # in system*wait cost)

401.62

 

 

The probability table is given below

          Prob (num in sys = k) 

     Prob (num in sys <= k) 

             Prob (num in sys >k) 

0

0.1

0.1

0.9

1

0.17

0.27

0.73

2

0.14

0.41

0.59

3

0.11

0.52

0.48

4

0.09

0.61

0.39

5

0.07

0.68

0.32

6

0.06

0.74

0.26

7

0.05

0.79

0.21

8

0.04

0.83

0.17

9

0.03

0.86

0.14

10

0.03

0.89

0.11

11

0.02

0.91

0.09

12

0.02

0.93

0.07

13

0.01

0.94

0.06

14

0.01

0.95

0.05

15

0.01

0.96

0.04

16

0.01

0.97

0.03

17

0.01

0.97

0.03

18

0

0.98

0.02

19

0

0.98

0.02

20

0

0.99

0.01

21

0

0.99

0.01

22

0

1

0.01

23

0

1

0.01

24

0

1

0.01

Question 1: What is the weighted average number of customers in the system?

Question 2: What is the weighted average number of customers in the queue?

Question 3: What is the weighted average time a customer spends in the system?

Question 4: What is the weighted average time a customer spends in the queue?

Question 5: What is the total (non-weighted) average wait time customers spend in the system on a typical day?

Question 6: What is the total (non-weighted) average wait time customers spend in the queue on a typical day?

Question 7: What is the total daily service cost?

Question 8: What is the total daily cost of customers waiting in the system on a typical day?

Question 9: What is the total daily cost of customers waiting in the system plus the cost of service on a typical day?

Solution Preview :

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Basic Statistics: Scenario four the main street branch of the bank is much
Reference No:- TGS01521227

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