Calculate average clause from the information given below 1) Fire insurance policy Rs 180000. 2) Value of Closing Stock Rs 240000. 3) Value of Salvage Stock Rs 40000
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mechanic can service an average of three customers per hour. A mechanic with several years of experience is also being considered for the job. This mechanic can service an average of four customers per hour, but must be paid $10 per hour. Assume that customers arrive at the Trosper garage at the rate of two per hour. a) Compute waiting-line operating characteristics for each mechanic b) If the company assigns a customer waiting cost of $15 per hour, which mechanic provides the lower operating cost? Note: this is the cost of customer waiting in the system
The company has 40 hours of machine time available in the next working week but only 35 hours of craftsman time. Machine time is costed at £10 per hour worked and craftsman time is costed at £2 per hour worked. Both machine and craftsman idle times incur no costs. The revenue received for each item produced (all production is sold) is £20 for X and £30 for Y. The company has a specific contract to produce 10 items of X per week for a particular customer. Formulate the problem of deciding how much to produce per week as a linear program.