Purchase Solution

Queuing models :minimize expected total cost per hour

Not what you're looking for?

Ask Custom Question

The Decision Sciences Department is trying to determine whether to rent a slow or fast copier. The department believes that an employee's time is worth $15 an hour. The slow copier rents for $4 per hour, and it takes an employee an average of 10 minutes to complete copying. The fast copier rents for $15 per hour, and it takes an employee an average of 6 minutes to complete copying. On average, 4 employees per hour need to use the copying machine. (Assume the copying times and inter-arrival times to the copying machine are exponentially distributed.) Which machine should the department rent to minimize expected total cost per hour?

Purchase this Solution

Solution Summary

This posting contains solution to following problem on Queuing models :minimize expected total cost per hour

Purchase this Solution


Free BrainMass Quizzes
Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.