Reference no: EM131033653
Problem 1: Productivity and Productivity Growth (10 points) Wells Fargo Bank employs four loan officers, each working eight hours per day. Each officer processes an average of 4.0 loans per day. Each loan officer has a different salary, but the total payroll for the four loan officers combined is $533 per day.
What was the labor productivity (in loans per labor hour) for the bank?
What was the capital productivity (in loans per labor dollar) for the bank?
For parts c and d, the bank is considering the purchase of a new computer system for the loan officers. The software will enable each loan officer to process 5.6 loans per day. What is the new labor productivity (in loans per labor hour) for the bank?
What is the labor productivity growth if the software is purchased?
Problem 2: Breakeven, Total Cost and Expected Value Your company plans to release its first new product on December 1 this year. The product will require the company to secure a manufacturing facility that has fixed costs of $40,000 per month and variable costs of $15/unit. The product will be sold for $25 each. Marketing has provided the following demand forecast for December. Demand Level December Units Sold Probability Low Demand 8,000 60% Medium Demand 15,000 30% High Demand 28,000 10%
How many units does your company need to sell in December to break even?
What is the total cost (fixed plus variable) in December if the product has low demand?
What is the expected value of the total cost in December?
Problem 3: Theory of Constraints (6 points) The manufacturing company you work for has a four step assembly process shown in the flow diagram below. Process 1 Capacity = 90 units/hr Process 2 Capacity = 50 units/hr Process 3 Capacity = 70 units/hr Process 4 Capacity = 80 units/hr
What is the maximum output this assembly process could produce in 8 hours?
If the capacity of Process 4 is increased to 90 units/hour, how many units can be assembled in 8 hours?
If the capacity of Process 2 is increased to 90 units/hour, how many units can be assembled in 8 hours?
|
What are the benefits and the negatives of small teams
: What are the benefits and the negatives of small teams? Could you confirm that most conflicts in organizations result from competition, differences in objectives, values, attitudes, and perceptions, as well as breakdowns in communications, individual..
|
|
How will it handle or make up for resulting staff shortage
: The community surrounding Simonston Hospital has just experienced a debilitating ice storm, with loss of power expected for the next five to seven days. Employees at Simonston are showing up for work, but they are not alone: Some single parents have ..
|
|
Solve for the currents in each branch of the network
: In problem 1 and 2, find a system of differential equations and initial conditions for the currents in the networks given by the schematic diagrams: the initial currents are all assumed to be zero. Solve for the currents in each branch of the netw..
|
|
Determine the mass flow rate of the condensate water
: If the cooling water has a 10°C temperature rise while flowing through the air conditioner, determine the volume flow rate of chilled water supplied to the air conditioner heat exchanger, in m3/min. The air conditioning process takes place at 100 ..
|
|
Productivity and productivity growth
: Productivity and Productivity Growth Wells Fargo Bank employs four loan officers, each working eight hours per day. Each officer processes an average of 4.0 loans per day. What was the labor productivity (in loans per labor hour) for the bank? What i..
|
|
Double-declining-balance depreciation for buildings
: The following transactions and adjusting entries were completed by a paper-packaging company called Gravure Graphics International. The company uses straight-line depreciation for trucks and other vehicles, double-declining-balance depreciation fo..
|
|
Intend to manage the project as planned change
: You’re an IKEA store manager, and corporate headquaters has instructed you to change the layout of your store. The change must be "dramatic", but the details are up to you. Wanting to make the most of the opportunity, you intend to manage the project..
|
|
Whether the given pseudo-code can always get correct answers
: Give your modified merge join to give the correct answers for all cases with explanation in details.
|
|
What are advantages-disadvantages of adopting technology
: An accounts receivable manager produces 200 checks per day, with an average processing time of 15 working days. What is the average number of accounts receivable checks being processed in her office? What if, through information technology, she reduc..
|