a. Calculate the utilization and efficiency in each of these situations: i. A bank processes an average
Question:
i. A bank processes an average of seven loans per day. It has a design capacity of 10 loans per day and an effective capacity of eight loans per day.
ii. A furnace repair team services an average of four furnaces a day. The design capacity is six furnaces a day and tire effective capacity is five furnaces a day.
b. Would you say that systems with higher efficiency will have higher utilization than other systems? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a i ii b This is not necessarily true Utilization can be low even to...View the full answer
Answered By
Krishnavendra Y
I am a self motivated financial professional knowledgeable in; preparation of financial reports, reconciling and managing accounts, maintaining cash flows, budgets, among other financial reports. I possess strong analytical skills with high attention to detail and accuracy. I am able to act quickly and effectively when dealing with challenging situations. I have the ability to form positive relationships with colleagues and I believe that team work is great key to performance. I always deliver quality, detailed, original (0% plagiarism), well-researched and critically analyzed papers.
4+ Reviews
10+ Question Solved
Related Book For 
Operations Management
ISBN: 978-0071091428
4th Canadian edition
Authors: William J Stevenson, Mehran Hojati
Question Posted:
