Question: ( Prob . 2 ) Quick Loan offers customized loans. Consumers call a toll - free number with a specific loan request and obtain a

(Prob.2) Quick Loan offers customized loans. Consumers call a toll-free number with a specific loan request and obtain a response within an hour. Quick Loans business process includes five activities that must be conducted in the sequence described below. Three workers perform the whole process in a worker-paced line. The assignment of tasks to workers is the following: Worker 1(activity 1), Worker 2(activities 2 and 3), and Worker 3(activities 4 and 5). Each worker is paid $20 per hour. Assume that there is unlimited demand and that loans are entering at the bottleneck rate.
(Activity 1) Answer customer calls and records key information (4 minutes/loan)
(Activity 2) Gather and format the information (e.g., obtain credit scores, organize customer-specific needs) for analysis (5 minutes/loan)
(Activity 3) Analyze the information: Check the creditworthiness and decide the loan amount and APR to offer (7 minutes/loan)
(Activity 4) Perform final checks on the loan offer (2 minutes/loan)
(Activity 5) Call the customer back with the new loan offer and close (4 minutes/loan)
(a) What is the bottleneck in the process?
(b) What is the maximum number of loans the company can process per hour?
(c) What is the labor cost per loan?
(d) What processing time is required to process 10 loans per hour?

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