Question: Subprocess A Review Accepted Initial Review Subprocess B Review Rejected Auto-Moto receives about 1000 loan applications per month (30working days). All applications go through an

Subprocess A Review Accepted Initial Review

Subprocess A Review Accepted Initial Review Subprocess B Review Rejected Auto-Moto receives about 1000 loan applications per month (30working days). All applications go through an Initial Review sub-process, where the applications are then classified as A (looks excellent), B (needs more detailed evaluation), and C (reject summarily). A and B applications would be forwarded to sub-processes A and B, respectively. On average, 24% of all applications go through Sub-process A, 30% go through sub-process B, and the rest are rejected. On average, 70% of applications in sub-process A, and 10% of applications in sub-process B are accepted and the rest are rejected. (Recall that all Cs were rejected.) On average 100 applications are in the Initial Review sub-process, 48 are in sub-process A, and 10 applications are in sub- process B. 5. Compute the average flow time at sub-process B. The potential answers are: A: 7 days. B: 1 days. C: 8 days. D: 5 days. E: 2 days. B 6. Compute the average flow time of an accepted application. The potential answers are: A: 6.63 days. B: 6.1 days. C: 19 days. D: 19.85 days. E: 8.24 days.

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!