Author Question: A queuing theory analysis for bank teller windows comes up with a value of 0.10 for P, indicating ... (Read 52 times)

Capo · **on:** Jul 6, 2018

A queuing theory analysis for bank teller windows comes up with a value of 0.10 for P, indicating that customers are likely to wait about 10 minutes for each transaction.

Indicate whether the statement is true or false.

Question 2

Using a fixed-point reordering system, a business might order new inventory when it is down to about one-third of its maximum stock.

Indicate whether the statement is true or false.

pami445 · **Reply #1 on:** Jul 6, 2018

Answer to Question 1

Answer: FALSE
Explanation: A value of 0.10 for P indicates that the limit that has been set will be exceeded 10 percent of the time.

Answer to Question 2

Answer: TRUE
Explanation: Fixed-point reordering typically identifies the reordering point at some fixed time along the way, such as when inventory is reduced to one-third of its maximum.