Consumer loan division, The consumer loan division of a

Consumer loan division

Assignment Help Operation Management

Reference no: EM13962001

The consumer loan division of a major bank wants to determine the size of the staff it would need to process up to 200 loan application per day. It estimated that each loan office can process a loan application in approximately 20 minutes. If the utilization of a loan office is 0.8% (80%) and each loan officer works seven hours a day, how many loan officers would be needed to handle that volume of business?

Reference no: EM13962001

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