SlideShare a Scribd company logo
Buy here:
http://homework.plus/busn-603-problem-set-6/
Part 1 of 2 - Part 1 40.0 Points
This part of the question is based on the following information.
The Schmedley Discount Department Store has approximately 300 customers shopping in its
store between 9 A.M. and 5 P.M. on Saturdays. In deciding how many cash registers to keep
open each Saturday, Schmedley’s manager considers two factors: customer waiting time (and
the associated waiting cost) and the service costs of employing additional checkout clerks.
Checkout clerks are paid an average of $8 per hour. When only one is on duty, the waiting time
per customer is about 10 minutes (or hour); when two clerks are on duty, the average checkout
time is 6 minutes per person; 4 minutes when three clerks are working; and 3 minutes when four
clerks are on duty.
Schmedley’s management has conducted customer satisfaction surveys and has been able to
estimate that the store suffers approximately $10 in lost sales and goodwill for every hour of
customer time spent waiting in checkout lines.
1. The total customer waiting time is __ hours when there is only one clerk, and it will be reduced
to only __​ ​hours if there are four clerks. (Please only enter an integer and include no units.)
2. The total wait cost is __ dollars when there is only one clerk, and it will be reduced to only __
dollars if there are four clerks. (Please only enter an integer and include no units.)
3. The total cost of hiring is only __ dollars when there is only one clerk, and it will be increased
to __ dollars if there are four clerks. (Please only enter an integer and include no units.)
4. To minimize the total expected cost based on your calculations above, the optimal number of
clerks to have on duty each Sunday is ___________.
5. The average number of trucks in the system is __ trucks. (Please only enter an integer and
include no units.)
6. The average time per truck spent in the system is __ ​minutes​. (Please only enter an integer
and include no units.)
7. The utilization rate for the bin area is __ . (Please round it to two decimal points.)
8. The probability that there are more than 3 trucks in the system is about __. (Please round it to
two decimal points.)
9. The total daily cost in the unloading process is ___ ​per day​. (Please only enter an integer and
include no units.)
10. Based on the above calculation, the net saving/loss of enlarging the bin is ___ dollars, hence
the cooperative ____ proceed to enlarge the bin. (Please round to an integer and include no
units. Use a "-" sign in front the number to indicate a net loss, if there is a loss. Also, enter only
"should" or "should not" in the second blanket.)

More Related Content

Similar to BUSN 603 Problem Set 6

Bis 155 entire course all labs quizzes and final exam
Bis 155 entire course all labs quizzes and final examBis 155 entire course all labs quizzes and final exam
Bis 155 entire course all labs quizzes and final exam
ProfessorLance
 
Bis 219 final exam
Bis 219 final examBis 219 final exam
Bis 219 final exam
inevconse1983
 
Maccounting midwestofficeproducts
Maccounting midwestofficeproductsMaccounting midwestofficeproducts
Maccounting midwestofficeproducts
muditcool
 
Ops 571 final exam guide (new, 2018
Ops 571 final exam guide (new, 2018Ops 571 final exam guide (new, 2018
Ops 571 final exam guide (new, 2018
ramuaa124
 
Acct 346 week 4 midterm 1(uophelp)
Acct 346 week 4 midterm 1(uophelp)Acct 346 week 4 midterm 1(uophelp)
Acct 346 week 4 midterm 1(uophelp)
user3443
 
OPS 571 HELP Expect Success /ops571help.com
OPS 571 HELP Expect Success /ops571help.comOPS 571 HELP Expect Success /ops571help.com
OPS 571 HELP Expect Success /ops571help.com
myrealit
 
Questions grocery gateway karthik kvr_408
Questions grocery gateway karthik kvr_408Questions grocery gateway karthik kvr_408
Questions grocery gateway karthik kvr_408
Karthik Kota
 
National cranberry case study
National cranberry case studyNational cranberry case study
National cranberry case study
Ranjeet Singh
 
The centroid method for plant location uses which of the following data
The centroid method for plant location uses which of the following dataThe centroid method for plant location uses which of the following data
The centroid method for plant location uses which of the following data
ramuaa128
 
Burger King Simulation
Burger King SimulationBurger King Simulation
Burger King Simulation
Rohit Jain
 
From an operational perspective, yield management is most effective under whi...
From an operational perspective, yield management is most effective under whi...From an operational perspective, yield management is most effective under whi...
From an operational perspective, yield management is most effective under whi...
ramuaa127
 
In hau lee's uncertainty framework to classify supply chains
In hau lee's uncertainty framework to classify supply chainsIn hau lee's uncertainty framework to classify supply chains
In hau lee's uncertainty framework to classify supply chains
ramuaa127
 
What is transaction processing
What is transaction processingWhat is transaction processing
What is transaction processing
ramuaa128
 
Gerardo Lizardo - Business Proposal
Gerardo Lizardo - Business ProposalGerardo Lizardo - Business Proposal
Gerardo Lizardo - Business ProposalGerardo Lizardo
 
Which of the following is an input to the master production schedule (mps)
Which of the following is an input to the master production schedule (mps)Which of the following is an input to the master production schedule (mps)
Which of the following is an input to the master production schedule (mps)
ramuaa130
 
Devry acct 346 week 4 midterm 1
Devry acct 346 week 4 midterm 1Devry acct 346 week 4 midterm 1
Devry acct 346 week 4 midterm 1
Efharisemica
 
Devry acct 346 week 4 midterm 1
Devry acct 346 week 4 midterm 1Devry acct 346 week 4 midterm 1
Devry acct 346 week 4 midterm 1
shyaminfo02
 
Which of the following is considered a primary report in an mrp system
Which of the following is considered a primary report in an mrp systemWhich of the following is considered a primary report in an mrp system
Which of the following is considered a primary report in an mrp system
ramuaa130
 

Similar to BUSN 603 Problem Set 6 (20)

Bis 155 entire course all labs quizzes and final exam
Bis 155 entire course all labs quizzes and final examBis 155 entire course all labs quizzes and final exam
Bis 155 entire course all labs quizzes and final exam
 
Bis 219 final exam
Bis 219 final examBis 219 final exam
Bis 219 final exam
 
Maccounting midwestofficeproducts
Maccounting midwestofficeproductsMaccounting midwestofficeproducts
Maccounting midwestofficeproducts
 
Ops 571 final exam guide (new, 2018
Ops 571 final exam guide (new, 2018Ops 571 final exam guide (new, 2018
Ops 571 final exam guide (new, 2018
 
Acct 346 week 4 midterm 1(uophelp)
Acct 346 week 4 midterm 1(uophelp)Acct 346 week 4 midterm 1(uophelp)
Acct 346 week 4 midterm 1(uophelp)
 
OPS 571 HELP Expect Success /ops571help.com
OPS 571 HELP Expect Success /ops571help.comOPS 571 HELP Expect Success /ops571help.com
OPS 571 HELP Expect Success /ops571help.com
 
Questions grocery gateway karthik kvr_408
Questions grocery gateway karthik kvr_408Questions grocery gateway karthik kvr_408
Questions grocery gateway karthik kvr_408
 
National cranberry case study
National cranberry case studyNational cranberry case study
National cranberry case study
 
The centroid method for plant location uses which of the following data
The centroid method for plant location uses which of the following dataThe centroid method for plant location uses which of the following data
The centroid method for plant location uses which of the following data
 
Burger King Simulation
Burger King SimulationBurger King Simulation
Burger King Simulation
 
From an operational perspective, yield management is most effective under whi...
From an operational perspective, yield management is most effective under whi...From an operational perspective, yield management is most effective under whi...
From an operational perspective, yield management is most effective under whi...
 
In hau lee's uncertainty framework to classify supply chains
In hau lee's uncertainty framework to classify supply chainsIn hau lee's uncertainty framework to classify supply chains
In hau lee's uncertainty framework to classify supply chains
 
What is transaction processing
What is transaction processingWhat is transaction processing
What is transaction processing
 
Gerardo Lizardo - Business Proposal
Gerardo Lizardo - Business ProposalGerardo Lizardo - Business Proposal
Gerardo Lizardo - Business Proposal
 
Which of the following is an input to the master production schedule (mps)
Which of the following is an input to the master production schedule (mps)Which of the following is an input to the master production schedule (mps)
Which of the following is an input to the master production schedule (mps)
 
Devry acct 346 week 4 midterm 1
Devry acct 346 week 4 midterm 1Devry acct 346 week 4 midterm 1
Devry acct 346 week 4 midterm 1
 
Devry acct 346 week 4 midterm 1
Devry acct 346 week 4 midterm 1Devry acct 346 week 4 midterm 1
Devry acct 346 week 4 midterm 1
 
Queuing problems
Queuing problemsQueuing problems
Queuing problems
 
Presentation1Shell
Presentation1ShellPresentation1Shell
Presentation1Shell
 
Which of the following is considered a primary report in an mrp system
Which of the following is considered a primary report in an mrp systemWhich of the following is considered a primary report in an mrp system
Which of the following is considered a primary report in an mrp system
 

Recently uploaded

ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
fisherameliaisabella
 
Mastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnapMastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnap
Norma Mushkat Gaffin
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
dylandmeas
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
RajPriye
 
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
taqyed
 
Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
KaiNexus
 
CADAVER AS OUR FIRST TEACHER anatomt in your.pptx
CADAVER AS OUR FIRST TEACHER anatomt in your.pptxCADAVER AS OUR FIRST TEACHER anatomt in your.pptx
CADAVER AS OUR FIRST TEACHER anatomt in your.pptx
fakeloginn69
 
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Lviv Startup Club
 
Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta 143
Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta 143Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta 143
Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta 143
bosssp10
 
5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer
ofm712785
 
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
BBPMedia1
 
Set off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptxSet off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptx
HARSHITHV26
 
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Arihant Webtech Pvt. Ltd
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
Falcon Invoice Discounting
 
VAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and RequirementsVAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and Requirements
uae taxgpt
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic management
Bojamma2
 
FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
LR1709MUSIC
 
Sustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & EconomySustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & Economy
Operational Excellence Consulting
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
Adam Smith
 
3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx
tanyjahb
 

Recently uploaded (20)

ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
 
Mastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnapMastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnap
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
 
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
 
Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
 
CADAVER AS OUR FIRST TEACHER anatomt in your.pptx
CADAVER AS OUR FIRST TEACHER anatomt in your.pptxCADAVER AS OUR FIRST TEACHER anatomt in your.pptx
CADAVER AS OUR FIRST TEACHER anatomt in your.pptx
 
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
 
Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta 143
Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta 143Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta 143
Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta 143
 
5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer
 
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
 
Set off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptxSet off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptx
 
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
 
VAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and RequirementsVAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and Requirements
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic management
 
FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
 
Sustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & EconomySustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & Economy
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
 
3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx
 

BUSN 603 Problem Set 6

  • 1. Buy here: http://homework.plus/busn-603-problem-set-6/ Part 1 of 2 - Part 1 40.0 Points This part of the question is based on the following information. The Schmedley Discount Department Store has approximately 300 customers shopping in its store between 9 A.M. and 5 P.M. on Saturdays. In deciding how many cash registers to keep open each Saturday, Schmedley’s manager considers two factors: customer waiting time (and the associated waiting cost) and the service costs of employing additional checkout clerks. Checkout clerks are paid an average of $8 per hour. When only one is on duty, the waiting time per customer is about 10 minutes (or hour); when two clerks are on duty, the average checkout time is 6 minutes per person; 4 minutes when three clerks are working; and 3 minutes when four clerks are on duty. Schmedley’s management has conducted customer satisfaction surveys and has been able to estimate that the store suffers approximately $10 in lost sales and goodwill for every hour of customer time spent waiting in checkout lines. 1. The total customer waiting time is __ hours when there is only one clerk, and it will be reduced to only __​ ​hours if there are four clerks. (Please only enter an integer and include no units.)
  • 2. 2. The total wait cost is __ dollars when there is only one clerk, and it will be reduced to only __ dollars if there are four clerks. (Please only enter an integer and include no units.) 3. The total cost of hiring is only __ dollars when there is only one clerk, and it will be increased to __ dollars if there are four clerks. (Please only enter an integer and include no units.) 4. To minimize the total expected cost based on your calculations above, the optimal number of clerks to have on duty each Sunday is ___________. 5. The average number of trucks in the system is __ trucks. (Please only enter an integer and include no units.) 6. The average time per truck spent in the system is __ ​minutes​. (Please only enter an integer and include no units.) 7. The utilization rate for the bin area is __ . (Please round it to two decimal points.) 8. The probability that there are more than 3 trucks in the system is about __. (Please round it to two decimal points.) 9. The total daily cost in the unloading process is ___ ​per day​. (Please only enter an integer and include no units.) 10. Based on the above calculation, the net saving/loss of enlarging the bin is ___ dollars, hence the cooperative ____ proceed to enlarge the bin. (Please round to an integer and include no units. Use a "-" sign in front the number to indicate a net loss, if there is a loss. Also, enter only "should" or "should not" in the second blanket.)