Loan processing operation

Assignment Help Operation Management
Reference no: EM131414806

Determine the utilization and the efficiency for each of these situations:

A loan processing operation that processes an average of 7 loans per day. The operations has a design capacity of 10 loans per day and an effective capacity of loans per day.

A furnace repair team that services an average of four furnaces a day if the design capacity is six furnaces a day and the effective capacity is five furnaces a day.

Would you say that systems that have higher efficiency ratios than other systems will always have higher utilization ratios than those other systems? Explain and please provide the excel formulas.

Reference no: EM131414806

Questions Cloud

Time study observations for a woodworking operation : The data in the table below represents time study observations for a woodworking operation. Explain and please provide the excel formulas. Based on the observations, determine the standard time for the operation, assuming an allowance of 15 percent o..
Find the normal time for each element : A time study was conducted on a job that contains four elements. The observed times and performance ratings for six cycles are shown in the following table. Explain and please provide the excel formulas. Find the normal time for each element.
Find the standard time for this operation : An analyst has timed a metal-cutting operation for 50 cycles. The average time per cycle was 10.40 minutes, and the standard deviation was 1.20 minutes for a worker with a performance rating of 125 percent. Assume an allowance of 16 percent of job ti..
New plant to absorb the backlog of demand that now exists : A producer of pottery is considering the addition of a new plant to absorb the backlog of demand that now exists. The primary location being considered will have fixed costs of $9,200 per month and variable costs of 70 cents per unit produced.
Loan processing operation : Determine the utilization and the efficiency for each of these situations: A loan processing operation that processes an average of 7 loans per day. The operations has a design capacity of 10 loans per day and an effective capacity of loans per day.
Embossed leather used to make the products : A high-priced women’s leather goods maker uses an easily recognizable gold star-motif which ornaments the embossed leather used to make the products. This manufacturer has a policy of never having “sales” on its merchandise or selling its products th..
Springboard the discussion on the innovator and integrator : Springboard the discussion on the innovator and integrator, paying careful attention to the 5 factors of HR innovator and integrator. Research and identify one innovative design or delivery model of HR practices around talent, leadership and culture...
Major political risks of operating a business : Analyze two (2) major political risks of operating a business within Africa. Propose two (2) actions that a multinational company could take in order to manage political risk in this country. Please justify your response.
Using the elements of a good mission statement : After reading the case, develop a clear vision for Papa John's, ensure that all elements of a good vision are evidenced. (Hint: graphic, directional, memorable, wiggle room, feasible, and makes business sense). Write a new mission statement for Papa ..

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd