Quantitative Analysis Research Paper Example | Topics and Well Written Essays - 750 words

Quantitative abridgment - Research Paper idealIt consists of three parts (Anderson, Sweeney, Williams, Camm, Cochran, Fry, and Ohlmann, 2010) Arrival or input to the system hold line The divine service prep ardness An operations manager must make a trade of amongst the cost of providing good service and the cost of node wait time or machine time. The close to preferable arrangement for a manager would be that the queues are short enough that they do non annoy a customer. However, an operations manager would tolerate some hold time if it leads to a square savings in service costs. An operations manager can evaluate a service facility by looking at the total expected cost. The total cost is the sum of expected service cost plus expected waiting cost. A service cost will increase as the firm tries to increase the level of its services. Managers can have standby personnel who can be assign to a service station to short the length of the queue. Waiting cost is a reflection of t he workers mixed-up productivity and the cost of losing a customer as a result of poor service or long queue. In some service systems this cost of waiting line can be intolerably high. The fundamental advantage of using a waiting line model is that it helps a manager to become out discrepancies in service systems and take measures to eradicate them. Thereby, making the service system efficient and customers satisfied. Example MacDonalds can make use of the knowledge from this theory. The service system of MacDonalds consists of customer queues and calculate counters. The floor manager needs to decide the number of billing counters it would keep open at a disposed(p) time. He needs to forecast the customer arrival rate at a given time and match it with the number of open billing counters. In this way he would ensure that optimum counters are functioning to service customers. The aim behind this initiative is to minimize service time and customer waiting time. Mathematical Exampl e Current waiting cost/service= (1/4 min waiting) ($60/min) =$15/service New System ?= 8 customers/min arriving ?= 12 customers/min served Av waiting time in queue=Wq= ?/2? (?-?) =8/2(12) (12-8) =1/12min Waiting cost/trip= (1/12 min wait) ($60/min cost) =$5/trip Savings with more counters=$15(current system)-$5(new system) =$10/trip salute of more counters=$3/trip Net Saving=$7/trip Constant return-Time Model Service systems having constant rather than exponential service time distribution are called Constant Service-Time Model. When customers or equipment are processed according to a fixed cycle, constant service times are suitable. Since the constant rank are fixed, therefore the values of Lq, Wq, Ls and Ws would be always less than single channel model (Anderson et al., 2010). guise Simulation is the attempt to duplicate the features, appearance and characteristics of a real system. This method helps a manager to regulate the operating characteristics of a system thereby put ting him in a better position to retreat conclusions and make decisions based on the simulated models (Anderson et al., 2010). Benefits of Simulation There are multiple reasons why this motherfucker has become the most widely accepted tool by managers. Amongst these reasons are following The tool is elastic and easy to use. It can be used to analyze complex real world situations. Time compression, convey that the effects of operations policies during a particular time period can be obtained in a short time.