Waiting line model with a scenario

As it is, models have been developed to assist managers understand and make better decisions concerning the operation of waiting lines. In management, a waiting line is a queue, and the body of knowledge dealing with waiting lines is known as queueing theory. As I understand it, queueing theory has become more sophisticated with applications in a wide variety of waiting line situations. I believe waiting line models consist of mathematical formulas and relationships that can be used to determine the operating characteristics (performance measures) for a waiting line. Operating characteristics of interest include the following: The probability that no units are in the system The aver... click for more

Brooks City Transportation Problem: Brooks City has three consolidated high schools, each with a capacity of 1,200 students. The school board wants to determine the number of students to bus from each district to each school to minimize the total busing miles traveled: A. Formulate a linear programming model for this problem. B. Solve the model using the computer.

Brooks City has three consolidated high schools, each with a capacity of 1,200 students. The school board has partitioned the city into five busing districts - north, south, east, west, and central - each with different high school student populations. the three schools are located in the central, west, and south districts. Some students must be bused outside of theri district, and the school board wants to minimize the total bus distance traveled by these students. The average distances from each district to the three schools and the total student population in each district are as follows. Distance (miles) Centr... click for more

Decision analysis with decision tree: Should Allstate accept the initial offer to settle the claim for $750,000? What decision strategy should they follow if they decide to make a counteroffer of $400,000?

Jack Nimble, an employee of Daniel Construction Company, claims to have injured his back as a result of a fall while repairing the roof at one of the Eastview apartment buildings. He filed a lawsuit against Dave Gilmour, the owner of Eastview apartments, asking for damages of $1,500,000. Jack claims that the roof had rotten sections and that his fall could have been prevented if Dave Gilmour had told Daniel Construction Company about the problem. Dave Gilmour notified his insurance company, Allstate Insurance, of the lawsuit. Allstate insurance must defend Dave Gilmour and decide what action to take regarding the lawsuit. Some depositions and a series of discussions took place between ... click for more

Decision analysis with a tree plan...

In your own words, what are the benefits of a decision tree plan that displays decision alternatives? As it is, there are expected values of decision alternatives As I understand it, it is beneficial for decision analysis problems. There are decision alternatives including probabilities and payoffs with chance outcomes that can help one to achieve an optimal decision through analysis. With computations in a decision tree plan, there is a probability of strong demand and a probability of small demand to interpret the result.

Set up and solve an LP problem related to your workplace

Set up and solve an LP problem related to your workplace (or another workplace if nothing in your environment lends itself to LP). Three employees are to be assigned to three tasks. Each employee receives one task and all tasks must be accomplished. There is a known profit for each assignment. Cost of Assignments Employee Task #1 Task #2 Task #3 #1 12 14 10 #2 18 18 22 #3 16 16 15 Formulate a linear programming model to maximize the total profit of the assignments.