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Oregon Great bank specialized in auto loans. The management of its loan department is preparing hiring plans for the next year, particularly the ideal staffing level for loan representatives (who care called loan reps). Based on past and planned future sales of loans, Oregon great forecasts the new loans arrival rate to be about 10,000 loans per quarter during the next four quarters. The loan department is determined that loans reps need to perform 4 hours of loan handling work to close a loan. The bank defines age of a loan as loan closing date - date the loan arrived at the bank. The bank promises that average loan age will be no more than 6 months (2 quarters). The bank desires to achieve a loan-closing rate that is equal to the new loans arrival rate (i.e. 10,000 loans per quarter).Question 1: How many loan reps should the bank employ next year?Question 2: What average level of pending loans (ie. Open loans) can the bank expect at any point during the coming year?Question : What caseload (average number of pending loans per loan rep) will the loan rep experience?
How many dozen may be made between 8:00 am and 3:00 pm if only the available equipment is used? What are potential "hot spots" or problems with this process? What are potential solutions?
illustrate what is wrong with spending the first few minutes of the next day performing these sorts of duties. Explain the logic of your response.
She must be able to pay cash for all corn at the time of purchase. Use linear programming to decide explain how Alexis can maximize her cash on hand at the end of April.
Given Gasoline production function of QG = 72MG 1.5 MG2, illustrate what is gasoline marginal profit. Given fibre production function of QF = 80MF 2MF2, illustrate what is fibre marginal profit.
What are the possible drawbacks or dangers to using telepresence devices for effective communication?
If managers frequently use experience and intuition to make complex, nonprogrammed decisions, how do they apply evidence-based management
Father's Cookies produces chocolate-chip cookies in a large oven that holds up to 2,000 pounds of cookies at a time. Annual demand is constant at 200,000 pounds; variable cost is $.25 per pound.
How much could the firm save annually in ordering and carrying costs by using the EOQ
Discuss the concept of switching costs and the role of data related to switching costs. Provide an example related to your discussion.
Pioneer Electronics buys video cards at $71 each. The annual demand is 11,475, the annual holding cost is 16% of the purchase price, and the set up cost is $1,085/order
The director of career advising at Orange Community College wants to use decision analysis to provide information to help students decide which 2-year degree program they should pursue.
How are Hypothesis Development and Theoretical Framework employed in Healthcare? How does the Measurement of Variables (Operation Definition) play a role in Healthcare Field.
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