In-door bank services, Business Management

Assignment Help:

Modeling and simulation mean using models, prototypes, attributes, and strategies in order to get results that help to choose the right decision. Recently, simulation becomes a major science particularly in business. By using simulation and modeling Arena software, my classmate and I will build In-door Bank Services project that analyze a bank services. Moreover, we will set the project goals, explain what tools will be used to create it, and discuss the concepts of the project in the project paper.

When customers go to a bank they may need to wait long time to get their purpose done. That might make customers to complain of waiting a long period since it waist their times. Wherefore, this project will be assisted by using a simulation firmware. Arena is used to give close results that help in take the right decision .Furthermore, it is used to for analyzing problems and determining the performance matrix which are length of the queue, utilization, throughput, and waiting time.

There are four goals for the In-Door Bank Service project. First, increase the throughput by decreasing the number of employees and increasing the number of customers. Second, to reduce the waiting time by distributing the customer based on what the customer need. Moreover, developing and improving the bank services to make it convenient and fast by placed computer which help customers to use online service beside the customer service and bankers.  Finally, the need based on employee utilization that we can decide if we need more employees or not.

There are many primary methods for implementing the goals of the project. First, the customer should go to the service machine then have to choice. Otherwise, they go to bankers or customer service. Second, If a customer wants to deposit, withdraw, pay bills payment, or get money order they should go to the bankers. Next, if a customer wants to open account, solving a problem for in his/her account, customer need to get a loan or any other services the customer should go to the customer service.

The Project will employ five staff: there are two employs who serve as customer servers and one of them also work as a manager. The customer servers role are open accounts, serve getting loans, print bank statement, and set online services. The rest are three employs who are bankers. They help customers to get money cash, money orders, withdraw and transfer inside and outside the bank.


Related Discussions:- In-door bank services

Option for organising business, compare the liability of the owners of part...

compare the liability of the owners of partnerships, sole proprietorship and corporations.

What is a-type inventory in ABC analysis of control, What is A-Type Invento...

What is A-Type Inventory in ABC Analysis of Control? A-Type Inventory: These are low volume and high value type of inventories. It means that their yearly consumption is

Describe the decisional roles as proposed by mintzberg, Question: (a) H...

Question: (a) Henry Mintzberg has put a lot of emphasis on decision making as a very aspect of the managers' job. In this context, Describe the decisional roles as proposed by

Is performance management beneficial to the organisation, Question 1: P...

Question 1: Performance management is beneficial to the organisation only. Explain? Question 2: Many organisations get a lot of resistance from employees when they try

Qestion, How will you inform your managers and supervisors about budgets, r...

How will you inform your managers and supervisors about budgets, reporting requirements and financial delegations? I just want to know

Explain how effective teamwork, QUESTION (a) Explain how effective team...

QUESTION (a) Explain how effective teamwork is beneficial to both the individual and the organisation. (b) Team leaders must be on the lookout for symptoms of ineffective te

Sales territory management, Sales Territory Management: To be efficien...

Sales Territory Management: To be efficient and effective the outside sales staff requires to be well managed and focused in their daily activities. The way they direct their

Important terms in the workmen compensation act 1923s, What are the importa...

What are the important terms in the workmen compensation act 1923s? Workmen Compensation Act 1923: The significant terms into the Workmen Compensation Act 1923 are as illustrat

Preparation of maintenance programmes, The next step is to prepare mai...

The next step is to prepare maintenance programme. It is a sequential list which allocates specific maintenance work to a specific period.

Describe the levels and stages of decision making, QUESTION (a) Describ...

QUESTION (a) Describe the levels and stages of decision making (b) What is the difference between a structured, unstructured and semi structured decisions? (c) List the t

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd