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1. Long Beach Bank employs three loan officers, each working eight hours per day. Each officer processes an average of five loans per day. The bank's payroll cost for the officers is $820 per day and there is a daily overhead expense of $500. The bank has just purchased new computer software that should enable each bank officer to process eight loans per day, although the overhead expense will increase to $550. a) What is the multifactor productivity before and after implementation of the new software? b) What is the multifactor percentage change in productivity? 2. A list of activities and their immediate predecessors are given below: Construct an AON project network. 3. A project has a completion time of 24 weeks with a variance of 9 weeks. Assuming that the project completion time follows a normal distribution, compute the following: a) The probability that the project will be completed in less than 20 weeks. b) The probability that the project will be completed in more than 26 weeks. c) The probability that the project will be completed between 20 weeks and 26 weeks.
Describe the focus and goals of Organizational Behaviour (OB). Why is this important to understand? How can this knowledge impact your career?
The network in figure below shows the pipeline transportation system for treated water from the treatment plant to a city water supply system. The arc capacities represent millions
How Break even Analysis helps in solving the problems. Break even Analysis assists solving the problems of following: (a) What volume of sales will be necessary to cover?
Do you have the test associated with the book Cost Management A strategic Emphasis, 5th edition
What is Espirit de Corps? The principle of management which emphasizes the requirement for teamwork among employees is termed as Espirit de Corps.
From the legal perspective, what challenges May supervisors face in filling the positions? How might they unintentionally run short of regulatory hiring and labour practices requir
When conflicting medical opinions are presented, should the advice of a medical expert count more heavily than the opinion of a general physician? Explain your answer.
Layout Homework Problems 6. Avalanche, Inc. is a manufacturer of premium snow skis. The work is a combination of precision machining and skilled craftsmanship. Before completion, s
If annual demand is 24,000 units, orders are placed every 0.5 months, and the cost to place an order is $50, what is the annual ordering cost?
Travel Charts and String Diagrams The use of travel charts has already been described under facility layout (see figure on page 140). A string diagram (see figure below) is us
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