Question: At ABC bank, the payments are processed by machine operators, with one operator per machine. An operator can process one payment in 0.25 minutes. A

At ABC bank, the payments are processed by machine operators, with one operator per machine. An operator can process one payment in 0.25 minutes. A capacity cushion of 20 percent is needed for the operation. The average monthly volume of payments processed through the department is expected to be 480,000. The bank operates eight hours per shift, two shifts per day, and 260 days per year. How many machines are needed to satisfy the total processing volume? (Round up to the next whole integer) More than 7 machines 5 machines 7 machines Fewer than 5 machines 6 machines

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Page 8 of 25 Question 8 (4 points) At ABC bank, the payments are processed by machine operators, with one operator per machine. An operator can process one payment in 0.25 minutes. A capacity cushion...

The lock box department at Bank 2 1 handles the processing of monthly loan payments to the bank, monthly and quarterly premium payments to a local insurance company, and bill payments for 8 5 of the...

The lock box department at Bank 21 handles the processing of monthly loan payments to the bank, monthly and quarterly premium payments to a local insurance company, and bill payments for 85 of the...

How is this calculated? The lock box department at Bank 21 handles the processing of monthly loan payments to the bank, monthly and quarterly premium payments to a local insurance company, and bill...

Special Accounts division of the Accounting department of OHIP manages all the accounts payables for remote rural clinics on behalf of Ontario Ministry of Health The payments are processed by machine...

TWI Industries 1 Adapted from Learning to See Version 1.3, by Mike Rother and John Shook, Lean Enterprise Institute, Inc. (Cambridge, MA) June, 2003. Used with permission. (revised 11/3/2015)...

Steering Arm Value Stream: Current State The Steering Arm Value Stream produces TWIs steering arms. A steering arm is a metal rod with a forged fitting welded to each end. The steering arms are...

Question 1 (8 marks) Consider the following simple assembly process: The process is staffed by four operators with one operator assigned to each of the four machines: A, B1, B2, and C. There is no...

A mixture of 54.5 mol% benzene in chlorobenzene at its bubble point is fed continuously to the bottom plate of a column containing two theoretical plates. The column is equipped with a partial...

Suppose that (an) 0 and that (ban)0. What can you conclude? (bn) 0. O (bn) 1. O (bn) b. None of the other answers is correct.

Sally is evaluating two different investment opportunities. One investment appears to be speculative and uncertain, but the potential rewards are substantial. The other investment seems much more...

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...