Credit analyst at the start of the day

Assignment Help Operation Management
Reference no: EM131112132

Consider a bank where loan applications are first reviewed by a credit analyst, and then by a loan officer. The credit analyst takes 13 minutes to review each application, and the loan officer takes 7 minutes for each application. Both start the day with no other work. A batch of 5 applications is delivered to the credit analyst at the start of the day. Assuming that the credit analyst gives each application AS SOON AS IT IS REVIEWED to the loan officer, how long (in minutes) does it take for the batch to be completed (by both the credit analyst and the loan officer)?

Reference no: EM131112132

Questions Cloud

Describe the primary functions of management : Explain the principal theories and the various approaches to management that have evolved over time and their application to current management situations.
Course and review your previous assignments : Think back to the beginning of this course and review your previous assignments. List five takeaway items you have learned in this class and explain how you will apply each of them to your professional career and why.
Explain the linkages among financial decisions,\ return : Explain the linkages among financial decisions, return, risk, and stock value.
Create cost analysis and develop a proposal for the company : Create a cost analysis, and develop a proposal for the company. Identify the single point of failure, and recommend potential mitigation strategies. Outline the labor costs, equipment costs, and service costs for your suggested design in ta..
Credit analyst at the start of the day : Assuming that the credit analyst gives each application AS SOON AS IT IS REVIEWED to the loan officer, how long (in minutes) does it take for the batch to be completed (by both the credit analyst and the loan officer)?
Which of these is considered the best : Explain each of the three other approaches to common stock valuation: (a) Book value, (b) Liquidation value, and  (c) Price/earnings (P/E) multiples. Which of these is considered the best?
Professional philosophy of education : Complete your professional philosophy of education as it relates to your major (use all previous work in the course and apply it to the area of education you are majoring in).  Write an 8-page paper in APA formatting that supports your professiona..
Termine the effect of parameters on the solutions : What is the maximum velocity attained by the mass, and when is it attained? Answer by using the magnify button and include the corresponding picture
Coefficient of variation of the service time : At a bank, the tellers on average take 12 minutes per customer, with a standard deviation of 8 minutes. What is the coefficient of variation of the service time?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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