Operational Statistics
A business center wants to lease a fax machine for customers to use. A regular fax machine leases for 12$ per hour, and it takes a customer an average of 6 minutes (exponentially distributed) to complete a faxing job. An upgraded fax machine leases for 16$ per hour, and it reguires an average of 5 minutes to complete a faxing job. Customers arrive at teh faxing machine at a rate of 8 per hour ( Poisson distributed), and a customer's time is valued at 8$ per hour. Determine whihc fax machine the business center should lease.
A business center wants to lease a fax machine for customers to use. A regular fax machine leases for 12$ per hour, and it takes a customer an average of 6 minutes (exponentially distributed) to complete a faxing job. An upgraded fax machine leases for 16$ per hour, and it reguires an average of 5 minutes to complete a faxing job. Customers arrive at teh faxing machine at a rate of 8 per hour ( Poisson distributed), and a customer's time is valued at 8$ per hour. Determine whihc fax machine the business center should lease.
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