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Determine the utilization and the efficiency for each of these situations: a. A loan processing operation that processes an average of 7 loans per day. The operation has a design capacity of 10 loans per day and an effective capacity of 8 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 four furnaces a day if the design capacity is six furnaces a day and the effective capacity is five 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. If the design capacity is relatively, the utilization could be even though the efficiency was
Assume that you are offered a new piece of equipment for $10,000. The equipment will produce 10,000 units per year with a margin of $6.00 per unit. Demand for the product being pro
The use of surveys of experts to estimate long-run production costs may be undermined by the fact that- Reporting biases can occur It is dependent on the judgments of individ
Describe the U.S. role in the world economy.
Problem 1: Team working is gaining importance in modern organisations. Do you agree that all members of an organisation could be expected to be team players? Discuss with exa
Service Profit Chain - Operation Strategy Prior to their work on the service-profit chain, Heskett and colleagues produced what they considered as the linkages between the emp
In the food processing sector of a country, 100 identical small firms produce frozen fruits. Each producer is a price-taker in the market and faces the following cost conditions:
Calculate the minimum replenishment time to build 2500 Model A fountains given the following beginning inventories?
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"...incorporation is no longer the special privilege it once was". Discuss this statement. Does it have any impact on businesses (those not incorporated?)
Project Organisation - Operations Function The project system is a special category at the low-volume end of the spectrum. This entails the execution of many interdependent pa
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