Waiting line management in bank

When they get to the treatment room, the patients receive an initial checkup or treatment from a nurse, followed by treatment from a doctor. Queuing systems are either single server or multiple servers.

Since the time spent by people and things waiting in line is a valuable resource, the reduction of waiting time is an important aspect of operations management.

Identify ten real-life examples of queuing systems with which you are familiar. When customer enters the waiting line but leaves before being serviced, process is called Reneging. The Annals of Mathematical Statistics, 24 3pp. This does not mean that the service operation is understaffed or does not have the capacity to handle the influx of customers.

By adding additional resources to single server system either service rate can be increased or arrival rate at each server can be decreased with additional cost overhead. In a multiphase system, the service is completed in a series of phases, such as at fast-food restaurant with ordering, pay, and pick-up windows.

In the KPMG customer satisfaction survey, assessing performance, the bank was ranked 8th from 10th in in its annual retail customer segment survey and 3rd from 6th in in its corporate customer segment survey.

Single server single-phase queuing system is most commonly automated system found in our regular life. Single server multiple-phase system incorporates division of work into phases to keep waiting line moving as completion of whole complete operation might increase wait in a line.

A frequently used priority rule is first-come, first-served. A cost is associated with customer waiting in line and there is cost associated with adding new counters to reduce service time. If system average utilization is low, that suggests the waiting line design is inefficient.

With the average waiting time of six 6 minutes and average service time of four 4 minutes, the customer spends 10 minutes on the average in the banking hall.

As the name suggests an arrival process look at different components of customer arrival. For example, a grocery store, a bank, and a service station are assumed to have infinite calling populations; that is, the whole town or geographic area. A waiting line is continually increasing and decreasing in length and is sometimes empty and in the long run approaches an average rate of customer arrivals and an average time to serve the customer.

Queuing models can become quite complex. General premise of queue theory is that there are limited resources for a given population of customers and addition of a new service line will increase the cost aspect to the business.

Chen, H; Whitt, W.terms of waiting-line length, average waiting time, and other factors helps us to understand ser- vice systems (such as bank teller stations), maintenance activities (that might repair broken machinery), and shop-floor control activities.

The waiting line or queue management is a critical part of service industry. It deals with issue of treatment of customers in sense reduce wait time and improvement of service.

Queue management deals with cases where the customer arrival is random; therefore, service rendered to them is also random. The waiting line may simply be some identifiable grouping of customers whose sequence of service may or may not be designated Waiting-line theory started with Erlang Agner Krarue, a Danish engineer in his research work.

Feb 15,  · Waiting in lines is a part of our everyday life. Waiting in lines may be due to overcrowded, overfilling or due to congestion.

Any time there is more customer demand for a service than can be provided, a waiting line forms. We wait in lines at the movie theater, at the bank for a.

Category Archives: Waiting Line Management

Queue: The waiting line itself is the second component of a queuing system. The length of a line can be either The length of a line can be either limited or unlimited.

Waiting Line (Queue) Management

Waiting Line Models C Elements of Waiting Lines C2 waiting in line at the bank for a teller, or waiting at an amusement park to go on the newest ride, we spend a lot of time waiting.

Because of this trade-off, management must consider what is the optimal level of service to provide. This is illustrated in Figure C

Waiting line management in bank
Rated 5/5 based on 33 review