
Concept explainers
a)
Interpretation: Average total time truck spends waiting.
Concept introduction: The M/M/1 queue assumes poison arrivals, exponential service times, and a single server serving customers in a FCFS fashion. Poisson arrivals are a reasonably good assumption for unscheduled systems. Further, if there is a mix of many different types of jobs the exponential distribution can be realistic for service times. Otherwise it tends to be too variable of a distribution.
a)

Answer to Problem 35P
average total time truck spends waiting20 mins.
Explanation of Solution
Given information:
Explanation:
Average number of waiting
b)
Interpretation: Probability of arriving truck must wait.
Concept introduction: The M/M/1 queue assumes poison arrivals, exponential service times, and a single server serving customers in a FCFS fashion. Poisson arrivals are a reasonably good assumption for unscheduled systems. Further if there is a mix of many different types of jobs the exponential distribution can be realistic for service times. Otherwise it tends to be too variable of a distribution.
b)

Answer to Problem 35P
probability of arriving truck must wait 0.1416 or 14.12%.
Explanation of Solution
Given information:
Explanation:
Probability of 0 in the system
Probability of N number in a queue at least 1 in the queue
c)
Interpretation: Trucks waiting in line.
Concept introduction: The M/M/1 queue assumes poison arrivals, exponential service times, and a single server serving customers in a FCFS fashion. Poisson arrivals are a reasonably good assumption for unscheduled systems. Further, if there is a mix of many different types of jobs the exponential distribution can be realistic for service times. Otherwise, it tends to be too variable of a distribution
c)

Answer to Problem 35P
4.17 trucks waiting in line
Explanation of Solution
Given information:
Explanation:
Average number of customers waiting
d)
Interpretation: Trucks at the weigh station
Concept introduction: The M/M/1 queue assumes poison arrivals, exponential service times, and a single server serving customers in a FCFS fashion. Poisson arrivals are a reasonably good assumption for unscheduled systems. Further, if there is a mix of many different types of jobs the exponential distribution can be realistic for service times. Otherwise, it tends to be too variable of a distribution
d)

Answer to Problem 35P
3 trucks at the weigh station.
Explanation of Solution
Given information:
Explanation:
Average number of trucks in the system
e)
Interpretation: Probability of no more than 3 trucks at weigh station.
Concept introduction: The M/M/1 queue assumes poison arrivals, exponential service times, and a single server serving customers in a FCFS fashion. Poisson arrivals are a reasonably good assumption for unscheduled systems. Further, if there is a mix of many different types of jobs the exponential distribution can be realistic for service times. Otherwise, it tends to be too variable of a distribution.
e)

Answer to Problem 35P
0.096 probability of no more than 3 trucks at weigh station.
Explanation of Solution
Given information:
Explanation:
N = not more than 3 trucks
Want to see more full solutions like this?
Chapter 5 Solutions
Practical Operations Management
- 1. Hofstede’s Cultural Dimensions in Managerial Decision-MakingChoose two of Hofstede’s dimensions (e.g., Power Distance, Individualism–Collectivism, Uncertainty Avoidance, Masculinity–Femininity) and analyze how differences between two specific countries impact managerial decisions such as delegation, risk-taking, or performance appraisal. Provide real or hypothetical business scenarios that illustrate these effects. 2. Communication Styles Across CulturesCompare and contrast high-context versus low-contextcommunication cultures (Hall’s framework). Select one high-context country and one low-context country and evaluate the implications for written reports, virtual meetings, and feedback delivery. Develop three practical guidelines for an international manager to navigate these differences effectively.arrow_forwardCalculate the Current Ratio for Home Depot for the fiscal year-end February 2019? Enter the response as a ratio, rounded to two decimal places (X.XX) Calculate the Debt to Equity Ratiof or Home Depot for the fiscal year-end February 2019. Enter the response as a ratio, rounded to two decimal places (X.XX) Calculate the Rate of Return on Total Assets for Home Depot for the fiscal year-end February 2019. Round your answer to two decimal places For disclosure purposes, how many segments did the company report?arrow_forwardDiscuss Probability and Probability Distributions, Provide good rationale and share some examples.arrow_forward
- 3. Conducting Research:What types of information should a negotiator research before entering a negotiation? Provide an example of how effective research can strengthen a negotiator’s position. 4. Anticipating the Other Party’s Interests:Why is it important to understand the interests and objectives of the other party? How can this knowledge improve the chances of a successful negotiation? 5. Chapter Summary Reflection:Reflect on the key lessons from Chapter 3. How do preparation and research work together to build confidence and increase your negotiation effectiveness?arrow_forwardUse real-life or hypothetical examples where appropriate to support your responses. 1. Preparation and Planning:Why is preparation and planning considered essential for negotiation success? Describe at least two steps negotiators should take during the planning phase. 2. Setting Goals and Priorities:When preparing for a negotiation, how should a negotiator set their goals and determine their priorities? How do clear goals impact the negotiation outcome?arrow_forwardWhat was the closing stock price on the last day of business for the fiscal year-end February 2019 for Home Depot? Look it up. Enter the response in terms of dollars and cents Calculate the Price/Earnings ratio at the end of the fiscal year-end February 2019 for Home Depot. Round your answer to two decimal places. Enter as (XX.XX) How many shares of Treasury Stock does the Home Depot have at their fiscal year-end February 2019? If none, enter “0”. Did the Home Depot pay dividends? What is the amount per share for the entire fiscal year-end Februaruy 2019? If none, enter “0”. Enter the response in terms of dollars and cents ($XXX.XX)arrow_forward
- What were the Basic Earnings Per Share for the fiscal year-end February 2019 for Home Depot published in the financial statements? Enter the response in terms of dollars and cents ($XXX.XX)arrow_forwardCalculate the Current Ratio for Home Depot for the fiscal year-end February 2019? Enter the response as a ratio, rounded to two decimal places (X.XX) Calculate the Debt to Equity Ratiof or Home Depot for the fiscal year-end February 2019. Enter the response as a ratio, rounded to two decimal places (X.XX) Calculate the Rate of Return on Total Assets for Home Depot for the fiscal year-end February 2019. Round your answer to two decimal places For disclosure purposes, how many segments did the company report?arrow_forwardWhat was the closing stock price on the last day of business for the fiscal year-end February 2019 for Home Depot? Look it up. Enter the response in terms of dollars and cents ($XXX.XX) Calculate the Price/Earnings ratio at the end of the fiscal year-end February 2019?.Round your answer to two decimal places. Enter as (XX.XX) How many shares of Treasury Stock does the company have at their fiscal year-end February 2019? If none, enter “0”. Did the company pay dividends? What is the amount per share for the entire fiscal year-end February 2019? If none, enter “0”. Enter the response in terms of dollars and cents ($XXX.XX) What is the amount of cash generated (or used) by Operating Activities on the Statement of Cash Flows for the fiscal year-end February 2019 ? (Enter the response in terms of dollars ($XXX,XXX,XXX,XXX or (-$XXX,XXX,XXX,XXX)) Calculate the Gross Profit Ratio for the fiscal year-end February 2019.Round your answer to two decimal places. Enter the response in terms of…arrow_forward
- What is the name of the Auditing Firm that conducted the audit for Home Depot for the fiscal year-end February 2019? What is the fiscal year-end date for the financials? State the answer in this format: MMDD19 What inventory method does the company use for the majority of their merchandise inventory? What depreciation method(s) are used to prepare the financial statements? Select all that apply. List the useful lives of the fixed assets used to calculate depreciation. Select all that apply. What were the number of common shares outstanding on the last day of the fiscal year? State the answer in the following format: (XXX,XXX,XXX) (not in millions)…arrow_forwardWalmart is one of the most important supermarket chains in the United States. It has subsidiaries in over 25 countries, with more than 6,000 stores. In 2014, however, it had problems in China. Based on the contents of the units, and any secondary sources that you consider relevant (such as articles published online or in another format), answer the following questions, providing support for your answers. Why did Walmart’s internationalization in China fail? What was the strategic option for entering the Chinese market? What would you have recommended? Which groups of stakeholders were not taken into consideration? What would the correct stakeholder analysis have been?arrow_forwarddescribe a company you believe uses these 3 items.arrow_forward
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,MarketingMarketingISBN:9780357033791Author:Pride, William MPublisher:South Western Educational Publishing
