Question: please show all work The Holix Corporation has two separate processing centers for credit applications. Each credit application passes through three steps: step 1 -
please show all work
The Holix Corporation has two separate processing centers for credit applications. Each
credit application passes through three steps: step background credit check, step
credit risk profile analysis, and step credit level approval and communication to client.
The processing time for each of the stages is minutes for credit check, minutes for
credit risk profile analysis, and minutes for credit approval and communication. The
setup time between successive applications for each step is minutes. While both
processing center take similar steps, they each deal with different types of applications:
processing center evaluates residential customers and processing center evaluates com
mercial customers.
a Each of the two processing centers is organized in exactly the same manner
and receives the same average number of applications per day. For example,
processing center gets about applications per hour day. The first step in
center has employees working in parallel. The second step has employees
working in parallel, and the third step has employees working in parallel. What
is the average lead time to process an application through all three steps in each
processing center?
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