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From 11:00 AM to 12:00 Noon, 30 people arrive at a bank on average. When they enter they get in line to wait for a cashier. On average there are 3 customers in line waiting. On average customers spend 4 minutes with the cashier. When the customers leave the cashier, 90% immediately exit the bank and 10% go to the loan officer, where there is an average of 1/2 person waiting to see the loan officer. On average customers spend 15 minutes with a loan officer. a. Draw the process flow diagram for this process in either word or Excel (label all activities and buffers) b. Calculate the inventory, throughput rate and process time for each activity and buffer. c. State the average time that a customer who only goes to see the cashier spends in the bank including their time waiting. d. What is the average number of customers in the bank?
From "Matching Supply with Demand" - Cachon/Terwiesch Consider the baggage check-in of a small airline. Check in data indicate that from 9am to 10am, 255 passengers checked in.
What is the present value of $10000 to be received 20 years from now , if the principle is invested at 8% per year, compounded annually?
what are the scope of operation research
Suppose that you are the manager of a production department that uses 400 boxes of rivets per year. The supplier quotes you a price of $8.50 per box for an order size of 199 boxes
Champ Sports Corporation buys the assets of Delta Athletic Corporation. Champ continues Delta's business and retains the same personnel. Is Champ liable for Delta's debts?
Explain Improving Productivity. Improving Productivity: The production essence is creation of goods, may be by the transformation of raw materials or through assembling vario
Create a project supply and materials budget based on the information in the case. I need an example of the supply budget
A food processor uses approximately 29,730 glass jars a month for its fruit juice product. Because of storage limitations, a lot size of 4,000 jars has been used. Monthly holding c
What are the classified different stock items? The ABC system of inventory management Various stock items are classified as like: a. High value (A) b. Medium value (B
Kanban Scheduling System for Lean and Just in Time The ideal lot size is one - how many can we work on at one time? - usually one. Even in batch production, only one item in t
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