Question: 1. Determine the utilization and the efficiency: A loan processing operation processes an average of 12 loans per day. The operation has a design capacity

1. Determine the utilization and the efficiency:

1. Determine the utilization and the efficiency: A loan processing operation processes an average of 12 loans per day. The operation has a design capacity of 24 loans per day and an effective capacity 16 loans per day. [Hint: Please read Example on page 193 in the text book.]

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