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book Introduction to Management Science 12th Edition by Bernard Taylor cover

Introduction to Management Science 12th Edition by Bernard Taylor

Edition 12ISBN: 978-0133778847
book Introduction to Management Science 12th Edition by Bernard Taylor cover

Introduction to Management Science 12th Edition by Bernard Taylor

Edition 12ISBN: 978-0133778847
Exercise 16
Hudson Valley Books is a small, independent publisher of fiction and nonfiction books. Each week the publisher receives an average of seven unsolicited manuscripts to review (Poisson distributed). The publisher has 12 freelance reviewers in the area who read and evaluate manuscripts. It takes a reviewer an average of 10 days (exponentially distributed) to read a manuscript and write a brief synopsis. (Reviewers work on their own, 7 days a week.) Determine how long the publisher must wait, on average, to receive a reviewer's manuscript evaluation, how many manuscripts are waiting to be reviewed, and how busy the reviewers are.
Explanation
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blured image Arrival rate
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Given data:...

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Introduction to Management Science 12th Edition by Bernard Taylor
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