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Consider a bank where loan applications are first reviewed by a credit analyst, and then by a loan officer. The credit analyst takes 13 minutes to review each application, and the loan officer takes 7 minutes for each application. Both start the day with no other work. A batch of 5 applications is delivered to the credit analyst at the start of the day. Assuming that the credit analyst gives each application AS SOON AS IT IS REVIEWED to the loan officer, how long (in minutes) does it take for the batch to be completed (by both the credit analyst and the loan officer)?
Determine the types of inventories these companies currently manage and describe their essential inventory characteristics and analyze how each of their goods and service design concepts are integrated.
To develop a system same like the present instant bank transfer system for PayPal but with some innovations, flexibility, and customization. Users should be able to use instant bank transfer as a frequent and permanent payment option when purchasing ..
Research and address the elements of organizational effectiveness that will improve interactions in a presentation for senior leaders:
What are some of the strategies companies employ to manage risks of terrorism? Imagine that you work for a MNC that faces terrorism risks. How would you apply those strategies to minimize the risks?
A department store has a candy counter with one employee. Customers arrive at the counter at the rate of 40 per hour according to a Poisson distribution. The employee can handle 45 customers per hour and service times are exponentially distributed. T..
Each fan assembled may be sold for a $15 profit. Formulate and solve this LP production-mix situation, and find the best combination of air conditioners and fans that yields the highest profit.
Describe the ethical standards a purchasing manager or any employee should maintain. Describe why controlling purchasing expenses is far more critical than increasing sales an equal amount.
Joe Smith owned a NFL collectibles business named Joe’s Pig Skin. In 1994, Joe brought Adam Ant and Bobbi Brown into the business which they reformed as a partnership named Joe’s Skin Collectibles. The partnership’s creditors were the accountant for ..
Calculate the productivity in terms of revenue per dollar of input. (Round your intermediate calculations and final answers to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)
Four cargo ships will be used for shipping goods from one port to four other ports (labeled 1, 2, 3, 4). Any ship can be used for making any one of these four trips. Reformulate this problem as an equivalent transportation problem by constructing the..
Because of your great efficiency and expertise in performance improvement, you have been reassigned to a project that is behind schedule due to the loss of several key staff members.
You have a legal fiduciary responsibility to your company to maximize your profit. What should you do?
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