Loan processing operation that processes an average

Assignment Help Operation Management
Reference no: EM131029780

Determine the utilization and the efficiency for each of the following situations: A loan processing operation that processes an average of 7 loans per day. The operation has a design capacity of 10 loans per day and the effective capacity of 8 loans per day.

Reference no: EM131029780

Questions Cloud

Forecasting is difficult-especially forecasting the future : “Forecasting is difficult. Especially forecasting the future.” – attributed to various sources including Mark Twain and Yogi Berra. The Global Supply Chain Management simulation demonstrated the challenge of deriving a useable demand forecast. Given ..
Establish plausible initial offer-target-resistance point : Rick is an 18 year old who is getting ready to go away to college where he will be living in a dorm. He has played bass guitar for six years and wants to be able to continue while he is away at school. The problem is the amplifiers he has are too lar..
Automate process of sending order confirmations to customers : Consider a company that sells products online. They would like to automate the process of sending order confirmations to their customers. Which of the following uses of the? five-component model best fits this? scenario?
Create one open-ended marketing-type : Create one open-ended “marketing-type” question that anyone from our class can answer. Complete this by Wednesday. Example: Who has influenced you the most in your career thus far and how has that influence changed your life?
Loan processing operation that processes an average : Determine the utilization and the efficiency for each of the following situations: A loan processing operation that processes an average of 7 loans per day. The operation has a design capacity of 10 loans per day and the effective capacity of 8 loans..
The union had created a sex-based hostile work environment : The EEOC filed a suit against NEA-Alaska, a labor union representing teachers and other public school employees, alleging that the union had created a sex-based hostile work environment for three female employees. The female employees testified that ..
Star topology network : Explain the main advantages and disadvantages of a STAR topology network. In your own words, described the functional differences between a bridge and a gateway. Give an example of each.
Allocation of resources and maximizing the intelligence : By improving the allocation of resources and maximizing the intelligence with which resources are identified and consumed, an organization can extend its finite skills and capabilities further than ever before. As a project manager of a global projec..
Multiple user identifications and passwords : Given multi-network access, it's not unusual for users to have multiple user identifications and passwords. How would you manage these multi-password situations? Describe both the advantages and disadvantages of your solution.

Reviews

Write a Review

Operation Management Questions & Answers

  Specifications be done with cross-functional teams

Why should the development of specifications be done with cross-functional teams and what is the benefit to the organization?

  An oil company must decide whether or not to drill an oil

an oil company must decide whether or not to drill an oil well in a particular area that they already own. the decision

  What cycle time would match capacity and demand

What cycle time would match capacity and demand if demand is 154 units a day, there are two shifts of 535 minutes each, and workers are given three half-hour breaks during each shift, one of which is for lunch or dinner?

  Operating budget work to discipline a firms management

How does an operating budget work to discipline a firm’s management? What are the elements of a budget? How are budgets constructed? What is “Variance Analysis” and how is it used?

  What is the insurers liability in this situation

Fritz has an open fire insurance policy on his home for a maximum liability of $60,000. The policy has a number of standard clauses, including the right of the insurer to restore or rebuild the property in lieu of a monetary payment, and it has a sta..

  Academic disciplines are used to study information systems

What academic disciplines are used to study information systems and how does each contribute to an understanding of information systems?

  Leadership effectiveness might actually be increased

Is it possible that your success as a leader might be increased or decreased in another culture such as Angola? In what sort of cultural setting do you imagine that your leadership effectiveness might actually be increased? Where do you think it woul..

  Factory floor on-line benefit an organization

After you have read the article answer the question below. When it comes to inventory control how will putting its factory floor on-line benefit an organization?

  Explain how a monte carlo simulation could facilitate

Explain how a Monte Carlo simulation could facilitate a sensitivity analysis of the probabilities of the payoff.

  Can every company identify their target market

Can every company identify their target market? Advise as to why this is important or why it isn't important.

  Establish kanbans to feed a newly installed work cell

The XYZ Company wants to establish kanbans to feed a newly installed work cell. The daily production (demand) rate is 180 units. The production lead time is 3 days. They want to keep 0.50 days of safety stock on hand (the safety stock factor). The ka..

  Explain why have outsourcing initiatives become a key

why have outsourcing initiatives become a key element in shaping functional tactics for todays global companies? as a

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