Process has an initial review team

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Auto-Moto receives 6 loan applications per day. Its process has an initial review team (IRT)that preprocess all applications and classifies them as A (excellent), B (more detail needed) and C (reject). A & B are forwarded to different groups to evaluate and accept or reject. Currently the IRT classifies 50% of new applications as A, 25% as B, and 25% as C. 50% of As are approved on review and 10% of Bs are approved. Average inventories are I=60 at IRT, I=45 at A, and I=10 at B. The average flow time in days from arrival at IRT to completing the process at either A, B or C for an application is: NOTE: Only write in the number, do NOT write any alpha characters.

Reference no: EM131420645

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