Waiting line Model

The post office uses a multiple channel queue, where customers wait in a single line for the first available window. If the average service time is 1 minute and the arrival rate is 7 customers every five minutes, find, when two service windows are open, (Use Management Scientist, Make sure that l and m are in the same units). a. the probability both windows are idle. b. the probability a customer will have to wait. c. the average time a customer is in line. d. the average time a customer is in the post office.

Simulation

Mathematics, topic: Simulation from book Quantitative Methods for master program at Strayer University; see attachment for scans.

Simulation

I need help for problem number 6. Please look at the attachment.

Simulation of a system, and time series

Mathematics: Simulation of a system, and time series; from book Quantitative Methods for master program at Strayer University. See attached.

Decision Model Problem

Please see the attached file for the entire problem. Formulate a decision model to solve this problem. The New York City Development Corporation has just purchased a small hotel for conversion to condominium apartments. The building, in a popular area of New York, will be highly marketable, and each condominium sale is expected to yield a good profit. The conversion process, however, includes several options. Basically, four types of condominiums can be designed out of the former hotel rooms. They are: deluxe one-bedroom apartments, regular one-bedroom apartments, deluxe studios, and efficiency apartments. Each will yield a different profit, but each type also requires a different le... click for more