Loan processing operation that processes an average

Assignment Help Operation Management
Reference no: EM131464506

Determine the utilization and the efficiency for each of these situations:

a. A loan processing operation that processes an average of 5 loans per day. The operation has a design capacity of 19 loans per day and an effective capacity of 17 loans per day. (Round your answer to 1 decimal place. Omit the "%" sign in your response.)

  Utilization %

  Efficiency %

b. A furnace repair team that services an average of 3 furnaces a day if the design capacity is 9 furnaces a day and the effective capacity is 8 furnaces a day. (Round your answer to 1 decimal place. Omit the "%" sign in your response.)

  Utilization %

  Efficiency %

c. Would you say that systems that have higher efficiency ratios than other systems will always have higher utilization ratios than those other systems?

This is not necessarily (Click to select)truefalse. If the design capacity is relatively (Click to select)highlow, the utilization could be (Click to select)lowhigh even though the efficiency was (Click to select)lowhigh.

Reference no: EM131464506

Questions Cloud

Company manufactures high quality bed sheets : Mason textile company manufactures high quality bed sheets and sells them in sets to a well known retail company for 64$ a set.
Omnipotent manager and good manager explain : Is there a real difference between an omnipotent manager and a good manager explain.
Explain types and kinds of change it engendered or engenders : explain the types and kinds of change it engendered or engenders.
Leader change thyself : In the McKinsey article “Leader Change Thyself”, the author says that organizations do not change people do.
Loan processing operation that processes an average : Determine the utilization and the efficiency for each of these situations: A loan processing operation that processes an average of 5 loans per day.
Business owner who is environmentally aware : You are a business owner who is environmentally aware, What are some legal concepts you will need to know to understand your rights?
Discuss effective leadership from a christian worldview : Discuss effective leadership from a Christian worldview.
Systems-thinking is decision making theory : Systems-thinking is a decision making theory that helps organizations change and adapt.
Capacity of a bottleneck operation by adding new machine : A small firm intends to increase the capacity of a bottleneck operation by adding a new machine.

Reviews

Write a Review

Operation Management Questions & Answers

  Described entrepreneurship as creative destruction

Joseph Schumpeter described entrepreneurship as creative destruction. People have argued about what this means. Some people think it means that the entrepreneurial process is dangerous. What do you think Schumpeter actually meant by this?

  Determination of chance probability and respective payoffs

Determination of chance probability and respective payoffs: A General Manger of Harley-Davidson has to decide on the size of a new facility. The GM has narrowed the choices to two: large facility or small facility. The company has collected informa..

  What lesson have you learned about motivating worker

It is for this reason that we have included these important researchers in our discussion of motivate people. Illustrate what lesson have you learned about this chapter also motivating workers.

  Effective performers who have potential for advancement

It is performance appraisal time and you must plan interviews with you subordinates. Your subordinates fall into one of three categories: (1) effective performers who have potential for advancement; (2) effective performers who lack motivation or abi..

  Maximum number of tiles in inventory under current policy

Non-Slip Tile Company (NST) has been using production runs of 100,000 tiles, 10 times per year to meet the demand of 1,000,000 tiles annually. The set-up cost is $5,000 per run and holding cost is estimated at 10% of the manufacturing cost of $1 per ..

  Total monthly setup and holding cost would be minimized

There is a $5200 cost of setting up for a run and the monthly holding cost for a finished product is $2.61. Part of the holding cost is due to a 5% risk each month that the product on hand will become obsolete. With a forecast demand of 618/month and..

  Types of innovation-product innovation

There are types of innovation—product innovation, process innovation, radical innovation, and incremental innovation. In addition, Clayton Christenson introduced disruptive innovation and sustaining innovation. Pick one of the innovation types and gi..

  According to herzberg two-factor theory

According to Herzberg's two-factor theory, which of the following is a motivator? According to the path-goal model, when Hannah meets with the employees to establish challenging goals and expectations for the next financial year, she displays which o..

  Logical grouping of business units to operate efficiently

Departmentalization is the logical grouping of business units to operate efficiently. An organization can split its departments in many ways. Consider a company that develops software. How might this organizational structure change if the software co..

  Is it direct strategy or indirect strategy

A letter to the local school board from a nearby convenience store owner expressing disapproval of a proposal allowing Coca-Cola to install vending machines on the school campus. Is it Direct Strategy or Indirect Strategy?

  Result of claim filed under the civil rights act

Big Red Work Clothes Company prides itself on its macho image, and most of its employees have always been big, manly men. Twenty years ago, as the result of a claim filed under the Civil Rights Act by a female who applied for a job at Big Red and was..

  Approves study abroad documents

Mark Lane approves study abroad documents for the University of Utah. Students must wait in line with their forms outside Mark's office. One student at a time is allowed in his office and Mark takes precisely 25 minutes to evaluate each student’s set..

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