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The National State Bank is trying to make sure that it has enough tellers to handle the Friday afternoon rush of workers wanting to cash their paychecks. It is only concerned with the last hour of the day from 4:00 to 5:00 p.m. It takes 5 minutes per customer to be processed by the tellers. The average customer arrivals are shown in the table below.

The bank currently has 8 teller stations, and all are staffed during the Friday afternoon rush hour.

a. What is the current maximum output at the bank during rush hour?

b. Can the bank process all the customers by 5:00 p.m.?

c. What is the maximum waiting time for customers, and what time period does it occur?

Short Answer

Expert verified

A bank is a financial entity that accepts public deposits as well as develops deposit accounts while also issuing mortgages.

Step by step solution

01

(a) The current maximum output at the bank during rush hour

The current maximum output at the bank during rush hour is given below:

Service time = 1 hour or 60 minutesService time = 5 minutes / CustomerNumber of counter = 8P = 8; as the number of teller is 8.

MaximumOutput=TotalavailableCapacity(inmins)Servicetimepercustomer(inmins)MaximumOutput=60P5MaximumOutput=96CustomersTherefore, the maximum output is96customers.

02

(b) The bank processes all the customers by 5:00 p.m.

As there are only 93 clients as well as 96 can be handled, the bank will be able to process all of the clients before 5:00 PM. The institution may need more time to get to know its clients and service them correctly. A variety of operations related to client processing should not be overlooked. As a result, the bank will be unable to process all of the clients before 5:00 PM.

The calculated customer arrival is calculated as shown in the table below:

03

(c) The maximum waiting time for customers and what time period does it occurs in

The maximum waiting time is 10 minutes and it occurs 4:30-$4:35 since there are 19 customers and only 8 can be served per 5 min.

The calculation of maximum waiting time for customers is shown below:

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Most popular questions from this chapter

Question: I-mart is a discount optical shop that can fill most prescription orders in around 1 hour. The management is analyzing the processes at the store. There currently is one person assigned to each task below. The optometrist assigned to task B takes an hour off for lunch and the other employees work the entire day.

Task

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2 minutes

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The desired daily output for an assembly line is 360 units. This assembly line will operate for 450 minutes per day. The following table contains information on this product鈥檚 task times and precedence relationships:

TASK

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A

30

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B

35

A

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30

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D

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D, G

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