What could have caused the change in your opinion

Assignment Help Other Subject

Reference no: EM133414647

Question: In this assignment you are asked to run a simulation with BIMP and the attached process model. Please do the following:

(1) Set simulation parameters per the requirements below.

Six loan applications per hour.
Tasks "Check credit history" and "Check income sources" are performed by clerks.
Tasks "Notify rejection", "Make credit offer" and "Assess application" are performed by credit officers.
Task"Receive customer feedback" is in fact an event. It only involves the credit information system (no human actors involved). To capture this, the task is assigned to a special "System" role. It, however, takes on average 10 minutes to received the feedback, which follows a normal distribution with a standard distribution of 2 minutes.
There are four clerks and three credit officers. The hourly cost of a clerk is € 25 while that of a credit officer is € 50.
Clerks and credit officers work from 9am to 5pm during weekdays.
The cycle time of task "Assess application" follows an exponential distribution with a mean of 20 minutes.
(2) Take screen shots for the parameter configuration as well as the simulation result. Paste the screen shots on your report.

(3) Answer the following question.

Compare with the simulation result in lecture note 8. Does the configuration above result in any change to process cycle time and process wait time? If so, in what way?

What could have caused the change in your opinion?

Reference no: EM133414647

Questions Cloud

How does your article relate to the management theories : How does your article relate to the management theories covered in this chapter? Explain the situation detailed in your article in terms of the history

Develop a competitive analysis by examining : Develop a competitive analysis by examining one to two competitors of the company you selected (Apple). Identify the direct competition to and how it competes

Did you learn anything new about yourself : PSY 111 Introduction to Psychology - Cultivating Gratitude and Character Strengths - did you learn anything new about yourself, the other people in your life

What your source and subject reveals about the complex : what your source and subject reveals about the complex nature of the phenomenon of captivity.

What could have caused the change in your opinion : Compare with the simulation result in lecture note 8. Does the configuration above result in any change to process cycle time and process wait time

Describe how you will approach an inventory of technology : Describe how you will approach an inventory of technology for your nursing department or unit and how you will prioritize your findings

Report from the indian river lagoon field trip : The Report from the Indian River Lagoon Field trip should be written in the format of a scientific paper

Provide important marketing data for healthcare : Reflect on when you have consumed a generic and brand-name product for the same health condition (e.g., taking Motrin and/or storing a brand of ibuprofen

What ethical values caused you to intervene : Federal Government UHD Common Core Assignment What ethical values caused "you" to intervene in this situation? What assumptions about responsibility for life

User Account

All Pages