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Work the problem below, answering parts a, b, and c. Be sure to show all of your calculations. Answers submitted without the supporting calculations will not receive credit. Suppose a bank clears checks drawn on a customer’s checking accounts by using the following process
(Receive Checks ----> Sort Checks by Bank ----> Ship Checks to Bank Clearing House).
A. If capacity for receiving checks is 1000 checks per hour, for sorting checks is 800 checks per hour, and for shipping checks is 1200 per hour. What is the capacity of the system to process checks?
B. If the flow rate is an average of 600 checks per hour and there is an average of 200 checks in the system, what is the average throughput time of checks?
C. What could be done to decrease the throughput time?
Discuss the advantages and disadvantages of relying on testing as the sole method of selection. Identify two assessment tests and briefly summarize their structure and design and provide an example of a typical item for this type of test
"JM Family Enterprises IT Employees Get Physical" Could you apply this situation to your current place of employment with a positive outcome. Why or Why not?
As many as 40 million Target shoppers' credit or debit card information could have been taken during a security breach. Secret Service is investigating. Could strong internal controls have prevented this breach?
Some have voiced concerned about the US dollar being the unit of reference for much of international trade. List 3 consequences of the US dollar losing this unique status and being replaced by a basket of 4 currencies. Assume the company for which yo..
The last stage in the new-product development process is ________.
What are the three different types of consumer buying situations. How does the buying situation affect the stages of the buyer's buying process?
Select an organization with which you are all familiar. Develop a list of the organization's strengths and weaknesses as well as the opportunities and threats that face the organization. Present this SWOT analysis as a document within the Teamwork ar..
In the present business environment, the best decisions are the ones that are informed decisions. Such decisions are based on collecting and analyzing good data. What are the advantages and disadvantages of conducting a face-to-face interview compare..
Write an executive summary identifying appropriate design approaches for a selected product and service. Pick one service with which you are familiar. Complete three to five line items such as production line, self-service, or personal attention ..
What fundamental cost tradeoff plays a key role towards developing an aggregate sales and operations plan? Under what circumstances would cost minimization be equivalent to profit maximization, as the objective in deriving an optimal aggregate plan? ..
Compare Job Based and Person Based Structures as to which approach appears to have a stronger motivational effect on employees and which approach do organizations tend to use more and why?
Write a letter of proposal to a local retailer to carry a specific product or provide a specific service. Gather data from friends, family, coworkers and other target market consumers to justify the need for the product in this specific retail locati..
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