Bank Simulation

Lucky you! You've been hired as an efficiency expert by your local bank (known hereafter as the client). Since customers are likely to be dissatisfied if they are forced to wait in line too long, the bank wants to hire a sufficient number of tellers. However, the bank will lose money if it employs too many tellers. Thus, it's important to analyze how long customers must wait, and how often tellers are idle. A balance is needed between customers waiting and the number of clerks hired. Your job will be to answer some questions concerning the waiting line.

In this problem, we are given the probability of a person coming into the bank and the probability of a transaction being completed during a minute. Thus, while it is easy to imagine a person entering a wait line or being served, we do not know how long partulicar individuals might have to wait.

Our approach to the problem will involve the use of simulation. We use a queue to keep track of individuals as they enter and leave the waiting line, and we record how many customers were served and how long they waited (including serving time). We also would like to know how long the queue is, so that it doesn't fill up the lobby.

More precisely, we divide time into short intervals, and we use the averages given to determine the probability that a person in line will finish at the teller during a time interval. We also determine the probability that a person will arrive and enter the line. We record when a person enters the end of the line. Then, when the person has finished being served, we compute and record how much time the person was in the bank, waiting and completing the transaction.

At the end of the simulation time, we close the doors, allowing no new people to enter the bank, but continue to process those waiting.

Part I

  1. Many days the client gets along with one teller on duty. During any given minute, suppose the probability that a person arrives is 1 out of 9 and the probability of a transaction being completed is 1 out of 5.

  2. The client wishes to know

  3. For each time interval of one minute

  4. At the end of the 8 hour day, close the doors to the bank and

  5. Run the simulation for 10 days.

  6. Average and report the results of the 10 days' simulation.

Part 2

The client is pleased with your report and wonders if you could help with another problem. Just before holidays, bank business increases almost threefold! In other words, the probability of a person arriving during a given minute is now 1 out of 3. The bank does not like to have its customers spend, on an average, no more than 10 minutes waiting and completing their transactions. More tellers need to be hired, but how many? And, should a single queue serve all the tellers? Or should each teller have their own queue with the arriving person entering the shortest queue?

Run simulations for various numbers of tellers using

What configuration would you recommend? Write a paragraph with your recommendations for the client. Support you recommendations by including statistics from your runs. Remember that the client wants to save money while keeping their customers happy.

A Random word

Suppose, in a given minute, the probability of a transaction being completed is 1 out of 5. To determine if someone (at the head of the queue) has finished their transaction, generate the random numbers (0, 1, 2, 3, and 4). Thus, each minute there is a 1 out of 5 chance of someone arriving. If the number returned by the function is 0, then someone is dequeued from the queue. Likewise if the probability of someone arriving each minute is 1 out of 9, use random(9) to generate the numbers (0, 1, 2, ... 8). Be sure the include the function randomize at the beginning of your program.

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