With the speed of computers, it is not necessary to limit the amount of factors considered in a simulation.truefalse

With the speed of computers, it is not necessary to limit the amount of factors considered in a…

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Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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A single repairperson looks after both machines 1 and 2. Each time it is repaired, machine i stays up for an exponential time with rate λi, i = 1,2. When machine i fails, it requires an exponentially distributed amount of work with rate i to complete its repair. The repairperson will always service machine 1 when it is down. For instance, if machine 1 fails while 2 is being repaired, then the repairperson will immediately stop work on machine 2 and start on 1. What proportion of time is machine 2 down? Then compute the probability that machine 2 is down.) There are four possible states in total: no machine is down, only machine 1 is down, only machine 2 is down, and both machines are down. Formulate and solve the balance equations based these four states. Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Do not provide Excel Screet shot rather use tool table
Without using excel
The idea behind this is that automation reduces the money that the retailer must spend on human shop assistants, and this in turn reduces the overall operational costs of the store. Further, the high level of automation reduces waste, error and theft from the store. The risk of armed robberies is reduced to virtually zero as there is no cash in the store at any given time, as such there are no costs associated with recording, securing or moving cash. This appeal towards store safety have suggested that there are plans for another 3000 similar shops before 2021 (by 2024 there are only a total of 42 stores in the USA and the UK). Hot on their heels are competitors like Walmart who are working with Microsoft to devise their own system of checkout free shopping. Amid this positive outlook, many have expressed doubt as to the ability of Amazon Go stores to really disrupt the traditional supermarket. With approximately 1000 products in each Amazon Go store as it stands, it is hard to see how…
In the bullfrog teaching model of a Markov chain, what does a lily pad represent? a step a node a stage a state • Previous Simpfun
I have $1500.00 I have to save 20% of it.
in n any simulation model ,the service time, is considered: O a controllable input O a probabilistic input none of the answers O a predetermined value
Sturgill Manufacturing Inc. needs to predict the numbers of machines and employees required to produce its planned production for the coming year. The plant runs three shifts continuously during the workweek, for a total of 120 hours of capacity per week. The shop efficiency (the percent of total time available for production), which accounts for setups, changeovers, and maintenance, averages 70% with a standard deviation of 5%, which reduces the weekly capacity. Six key parts are produced, and the plant has three different types of machines to produce each part. The machines are not interchangeable as they each have a specific function. The time to produce each part on each machine varies. The mean time and standard deviation (in hours) to produce each part on each machine are shown below: Mean Time Part Type Machine A Machine B Machine C 1 3.5 2.6 8.9 2 3.4 2.5 8 3 1.8 3.5 12.6 4 2.4 5.8 12.5 5 4.2 4.3 28 6…
43. Six thousand light bulbs light a large hotel and casino marquee. Each bulb fails completely at random, and each has an average lifetime of 3,280 hours. Assuming that the marquee stays lit continuously and bulbs that burn out are replaced immediately, how many replacements must be made each year on the average? 14
The upper limit and lower limit condition can be tested through Select one: a. whatif function alone b. If within if function c. Single if function d. Countif with count function
US Airlines receives an average of 500 calls per hour from customers who want to make reservations, where the times between calls follow an exponential distribution. It takes an average of three minutes to handle each call. Each customer who buys a ticket contributes $100 to US Airlines profit. It costs $15 per hour to staff a telephone line. Any customer who receives a busy signal will purchase a ticket from another airline. How many telephone lines should US Airlines have? Base your answer on an appropriate simulation. Does it matter whether the service times are exponentially distributed or gamma distributed? Experiment to find out.
The bell department (uniformed services) and the telephone department have been shrinking during the past decade as technology and lifestyle changes impact the lodging industry. options: True False Because public lobbies are costly real estate that require extra security measures, new hotel construction, especially of full-service hotels, has smaller lobbies and reduced services. options: True False Rotating shifts should follow the clock: day, swing, graveyard and then back to days and should occur only after the employees' days off. Question 15 options: A) True B) False
do fast

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With the speed of computers, it is not necessary to limit the amount of factors considered in a simulation. true false