According to the Poisson distribution process analysis, patients come to a hospital at a mean rate of 50 per hour. The time required to attend a patient has an exponential distribution with a mean of 100 per hour. Assuming that every patient is attended by an individual doctor, what would be the waiting time of one patient?

Find out the average processing time.

Which type of cost is dependent upon the amount of utilization of resources during the execution of individual activities?

Which class of decisions is related to the external environment of an organization?

The above table represents a transportation problem. Find the basic feasible solution.

Which one is a characteristic of Dynamic Programming?

The price of a new car is $30000. The annual maintenance cost of the car for the first five years is $8000, $10000, $14000, $18000 and $24000 respectively. If the re-sale value decreases by 5% of the purchase price each year, calculate the best time to have the car replaced.

From the above table, determine which alternative is the best to choose if a person is adopting the Laplace criterion.

Which one is a characteristic of Dynamic Programming?

The above table represents a transportation problem. Find the basic feasible solution.

Which class of decisions is related to the external environment of an organization?