An AS/RS is used for work-in-process storage in a manufacturing facility. The AS/RS has five aisles, each aisle being 120 ft long and 40 ft high. The horizontal and vertical speeds of the S/R machine are 400 ft/min and 50 ft/min, respectively. The S/R machine requires 12 sec to accomplish a pick and deposit operation. The number of single command cycles equals the number of dual command cycles. If the requirement is that the AS/RS must have a throughput rate of 200 S/R transactions per hour during periods of peak activity, will the AS/RS satisfy this requirement? If so, what is the utilization of the AS/RS during peak hours?