answer question 2 & 3

Problem 1, The Travelers Insurance Company processes 10,000 claims per year. The average processing time is 3 weeks. Assuming 50 weeks in a year, what is the average number of claims "in process"? Problem 2 M-Theory Music, a local record store, has monthly inventory as shown in the table below: Jan Feb Mar Apr May Jun $24,000 $40,000 $45,000 $30,000 $20,000 $25,000 Jul Aug Sep Oct Nov Dec $30,000 $33,000 $40,000 $50,000 $55,000 $40,000 Annual sales for the record store are $250,000. a) What are the Inventory Turns? b) Assuming the record store sells 1,000 records per week (4 weeks or 30 days in a month), and each record is worth $20, How many days-of-supply do they have? Problem 3 Consider the following batch-flow process consisting of three process steps performed by three machines: Step 1 Step 2 Step 3 Activity Time: 0.25 min/part Setup Time: 30 min Activity Time: 0.20 min/part Setup Time: 20 min Activity Time: 0.15 min/part Setup Time: 45 min Work is process in batches at each step. Before a batch is processed at a stop, the machine at that step must be set up. (During a setup, the machine is unable to process any product.) Assume Problem 3 Consider the following batch-flow process consisting of three process steps performed by three machines: Step 1 Step 2 Step 3 Activity Time: 0.25 min/part Activity Time: 0.20 min/part Activity Time: 0.15 min/part Setup Time: 30 min Setup Time: 20 min Setup Time: 45 min Work is process in batches at each step. Before a batch is processed at a stop, the machine at that step must be set up. (During a setup, the machine is unable to process any product.) Assume that there is a dedicated setup operator for each machine (i.e., there is always someone available to perform a setup at each machine). | a) What is the capacity of step 1 is the batch size is 35 parts? b) For what range of the batch size is step 1 the bottleneck? [I am looking for an answer like, for example, step 1 being bottleneck with a batch size between 5 and 10.] 1