Question: Please help me understand and answer questions f- h. A law firm specializes in the issuance of insurance policies covering large commercial real estate projects.


Please help me understand and answer questions f- h.
A law firm specializes in the issuance of insurance policies covering large commercial real estate projects. The projects fall into two categories: shopping centers, and medical complexes. The typical work involved in each transaction is quite predictable and repetitive. The time requirements (unit loads) for preparing a standard contract of each type are given in the below table. 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, 2015, the firm has generated 150 orders, 75 of each type. Assume one month equals 20 days. Data for Law Firm Hours Available Unit Load Shopping Unit Load Medical No. of Professionals (hours per professional per day) (hours per contract) (hours per contract) 4 6 4 6 1 3 3 8 Paralegal Tax Lawyer Senior Partner 1 1 2 f. List the Theoretical capacity of each resource pool in below table using the assumption below: (Show all answers rounding up to two decimal places even if they are zero. Example: Answer is 1 then type 1.00) Use original data and assume that the capacity waste factors of the paralegals, tax lawyers, and senior partners are 20%, 30%, 35%, respectively. Theoretical Capacity Paralegal Tax Lawyer Senior Partner g. What is the new theoretical capacity of the process using the data in part f? cases per day h. Using all the above information, which resource group is the bottleneckStep by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
