Stats Solutions

Solution: A team of insurance policy processors completes jobs at a rate of two per hour, with actual processing times following an exponential distribution.

Question:

A team of insurance policy processors completes jobs at a rate of two per hour, with actual processing times following an exponential distribution. Jobs arrive at a rate of about one every 32 minutes, and the inter-arrival times are also considered to be exponential. Use queuing theory to answer the following questions. Hint: this is an M|M|1 queue.

  1. What is the average cycle time? (In this setting I mean what is the average time between the arrival and completion of a job.)

b. What is the cycle time efficiency? (By this I mean the ratio of total expected processing time to the average cycle time.)

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


∴ Other downloads you may be interested in ∴

log in to your account

Forgot password?
Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in