1. A government regulation office issues, on average, 110 directives per year. At a given time, the...
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Question:
1. A government regulation office issues, on average, 110 directives per year. At a given time, the office is working on 75 directives. How long does it take, on average, to complete a directive?
a. Throughput
b. Flow time
c. Inventory
2. In a direct deposit checking account, funds are deposited once per month, on payday, and then withdrawn over time as account holders make various payments and transfers. A study at a small bank revealed that the average balance for checking accounts is $527. The average monthly deposit into the accounts is $2156 per month. How fast do customers, on average, withdraw their funds from the Bank?
a. Throughput
b. Flow time
c. Inventory
Related Book For
Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science
ISBN: 978-0324656633
5th edition
Authors: Cliff T. Ragsdale
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