Question: I mostly need help with 4, 5, 6, 7. and i want to check if 1, 2, 3 is correct The Lawyers-R-Us law firm specializes
I mostly need help with 4, 5, 6, 7. and i want to check if 1, 2, 3 is correct
The Lawyers-R-Us law firm specializes in the issuance of insurance policies covering large commercial real estate projects focusing on shopping centers. The typical work involved in each transaction is quite predictable and repetitive.
The time requirements for preparing a standard contract is given in the table below. Also listed are the number of professionals of each type and the number of available hours per professional per day (the rest of the time is taken by other office activities). For the month of March, 2021, the firm has generated 150 orders. Assume one month equals 20 working days.
| Data for Law Firm | |||
| Unit Load Shopping (hours per contract) | No. of Professionals | Hours Available (hours per professional per day) | |
| Paralegal | 4 | 4 | 6 |
| Tax Lawyer | 1 | 3 | 8 |
| Senior Partner | 1 | 2 | 4 |
1. Fill in the following table
| Total hours Resources can Work (hours per day) | Effective Capacity of Resource Pool (contracts per day) | |
| Paralegal | ||
| Tax Lawyer | ||
| Senior Partner |
2. What is the Effective Capacity of the entire process (contracts per day) based on data in Section 1.
3. Out of the 150 contracts, how many will the firm process in the month of March (having 20 working days)?
4. What is the optimal number of professionals of each type that are needed to process all 150 contracts available in March with the least amount of wasted time? In other words, if adding 2 professionals will get the job done, then adding 3 would cause wasted time. This may require a "trial and error" approach!
(Round your answers to the nearest whole person as you cannot hire a partial person.)
5. Compute the Theoretical Capacity of each resource pool and list them in the table below, using data computed in Section 1 and assuming that the Capacity Waste Factors (CWFs) of the paralegals, tax lawyers, and senior partners are 20%, 30%, and 35%, respectively. Hint: TC = Eff. Cap. / (1 - CWF)
Note: Show all answers rounding up to two decimal places even if they are zero. Example: If answer is 1, then enter 1.00
| Theoretical Capacity | |
| Paralegal | |
| Tax Lawyer | |
| Senior Partner |
6. What is the new Theoretical Capacity of the entire process using the data in Section 5?
_______contracts per day
7. Using the information from Sections 5 & 6, which resource pool/group is the bottleneck?
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