Oregon great forecasts the new loans

Assignment Help Operation Management
Reference no: EM13153305

Oregon Great bank specialized in auto loans. The management of its loan department is preparing hiring plans for the next year, particularly the ideal staffing level for loan representatives (who care called loan reps). Based on past and planned future sales of loans, Oregon great forecasts the new loans arrival rate to be about 10,000 loans per quarter during the next four quarters. The loan department is determined that loans reps need to perform 4 hours of loan handling work to close a loan. The bank defines age of a loan as loan closing date - date the loan arrived at the bank. The bank promises that average loan age will be no more than 6 months (2 quarters). The bank desires to achieve a loan-closing rate that is equal to the new loans arrival rate (i.e. 10,000 loans per quarter).
Question 1: How many loan reps should the bank employ next year?
Question 2: What average level of pending loans (ie. Open loans) can the bank expect at any point during the coming year?
Question : What caseload (average number of pending loans per loan rep) will the loan rep experience?  

Reference no: EM13153305

Questions Cloud

Calculating the depreciation expense : Compute the depreciation expense for year 2009 on the building using the straight-line method, assuming a 15-year life and a $30,000 salvage value.
Explain process and is it possible to register firearm : So what you send is what you see, no more and no less. handgun would it be possible to register this firearm? What is the process?
Labour and materials prices will grow with inflation : Sell the welding machine for $200,000 and close the tricycle business; or  Sell the tricycle business for an after-tax price of five times the 2007 after-tax profit
How are the lives of people who live by polluted rivers : How does the use of herbicides on a farm affect the honey production of a local bee keeper?
Oregon great forecasts the new loans : The management of its loan department is preparing hiring plans for the next year, particularly the ideal staffing level for loan representatives (who care called loan reps). Based on past and planned future sales of loans, Oregon great forecasts the..
Manufacturing overhead flexible budget : Prepare a monthly manufacturing overhead flexible budget for each increment of 3,000 direct labor hours over the relevant range for the year ending December 31, 2008.
How many g of o2 are reacted : If 20.0 g acetylene is allowed to completely react with oxygen , how many g of O2 are reacted? 2C2H2 + 5O2→ 4CO2 + 2H2O
Calculate the diluted earnings per share : Assuming there are no antidilutive securities, what is the number of shares Feterik should use to compute diluted earnings per share for the year ended December 31, 2011?
Why the distribution becomes plausible : A log-normal distribution results (which gets its name from the fact that if the logarithm is taken, the distribution becomes normal). But why is that plausible?

Reviews

Write a Review

 

Operation Management Questions & Answers

  Which variables would you choose contain ten dimensions

your information mart and 5 indicating that the dimension offers the lowest value and does not desire to be in your information mart. Which variables would you choose if your information mart could only contain 10 dimensions.

  How much time would expected to wait to border control

How much time would you expect to wait to clear Border Control if you are the very first passenger from the 6:50am flight on the queue? Please note that the waiting time depends on your passport issue country.

  Developing leadership talent in healthcare organizations

EBSCO Online Library, use the search function, and read the following article. Then complete the discussion forum question. Developing leadership talent in healthcare organizations.

  Determining reliability of the components

A University Web server has five main components each with the same reliability. All five components must work for the server to function as intended.

  What are china rights in regard to shipment in transit

Home store has already sold first shipment to a customer, who paid for goods also took them home. Illustrate what are China's rights in regard to shipment in transit.

  Trust between leaders and followers

One of the most important factors determining whether organizations and their members will be high performance is the presence of trust between leaders and followers.

  Avoid making product design and marketing mistakes

What steps could a company take to avoid making product design and marketing mistakes when introducing new consumer products into Brazil?

  What is the total cost if dave relies on part-time employees

What is the total cost if Dave relies on part-time employees to meet additional demand? What is the total cost if Dave hires one more full-time employees to meet additional demand?

  Develop forecasts of daily demand for the next week

Rosa's Italian restaurant wants to develop forecasts of daily demand for the next week. The restaurant is closed on Mondays and experiences a seasonal pattern for the other six days of the week.

  Determination of the expected value

A builder has located a piece of property that she would like to buy and eventually build on. The land is currently zoned for four homes per acre, but she is planning to request new zoning.

  Illustrate what sigma levels do these values correspond

Compute the average demo for each of the three categories of medication errors. To illustrate what sigma levels do these values correspond.

  The chinese contractor has approached you and suggested

The Chinese contractor has approached you and suggested that the new Chinese construction standards are unnecessarily high

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