Consider an espresso stand with a single barista. Customers arrive at the stand at the
rate of 28 per hour according to a Poisson distribution. Service times are exponentially
distributed with a service rate of 35 customers per hour. The probability that the server
is busy is
a. 0.20
b. 0.60
c. 0.80
d. 1.00
Kallie Inc., a small parts manufacturer, has just engineered a new product for the
automotive industry. In order to produce the part the company can expand existing
facilities, acquire a competitor, or subcontract production. The company believes the
product will either experience high market demand or low market demand. The
following payoff table describes the company’s decision situation.
The best decision for Kallie Inc. using the maximin decision criterion is to
a. expand facilities.
b. acquire competitor.
c. subcontract production.