22 April 2009
IE 304 OPERATIONS RESEARCH III: STOCHASTIC MODELS PS # 9
Question 1) Boazii University library receives new books according to a Poisson distribution with mean 25 books per day. Each shelf in the stacks holds 100 books. Determine the f
20 May 2009
IE 304 OPERATIONS RESEARCH III: STOCHASTIC MODELS PS # 12
Question 1) A bakery at a local grocery store bakes fresh muffins every morning. The daily demand for muffin has an exponential distribution with a mean of 400. Muffin costs 20 ce
13 May 2009
IE 304 OPERATIONS RESEARCH III: STOCHASTIC MODELS PS # 11
Question 1) Consider a closed queuing network consisting of two customers moving among two servers, and suppose that after each service completion the customer is equally likely t
06 May 2009
IE 304 OPERATIONS RESEARCH III: STOCHASTIC MODELS PS # 10
Question 1) A barbershop, operated by two barbers, has room for at most 3 customers. Potential customers arrive at a Poisson rate of 4 per hour and each barber works at an exponen
15 April 2009
IE 304 OPERATIONS RESEARCH III: STOCHASTIC MODELS PS # 8
Question 1) Let X1 and X2 be independent exponential random variables, each having rate . (a) (b) (c) (d) Question 2) Customers arrive at a bank at a Poisso
CHAPTER 8
PRICE CHANGES AND EXCHANGE RATES
GENERAL PRICE INFLATION
An increase in the average price paid for goods and services bringing about a reduction in the purchasing power of money.
GENERAL PRICE DEFLATION
A decrease in the average price pa
Spring '09 IE341 Quiz 6 (45 min) Q.1. (60 points) The present worth of the after-tax cash flows through year k, PWk, for a defender (threeyear remaining useful life) and a challenger (five-year useful life) are given in the following table:
Assume t
Spring '07
IE 341 ENGINEERING ECONOMY PS #12
Q1: (11.3) Perform a conventional B-C analysis for the six mutually exclusive alternatives in the table above. Also, compute the conventional B-C values for each individual alternative and compare the va
21 April 2009
IE 304 OPERATIONS RESEARCH III: STOCHASTIC MODELS QUIZ # 4
Duration: 40 mins Question 1) The time T required to repair a machine is an exponentially distributed random variable with mean hours. (a) What is the probability that a repai
02 April 2009
IE 304 OPERATIONS RESEARCH III: STOCHASTIC MODELS QUIZ # 3
Duration: 40 mins
Question 1) An appliance store can place orders for refrigerators at the beginning of each month for immediate delivery. A fixed cost of $100 is incurred eve