Question: The cycle time for assess application is 24 hrs Make credit offer 3 hrs Notify rejection 6hrs Receive customer feedback 6 hrs There is a

The cycle time for assess application is 24 hrs

The cycle time for assess application is 24 hrs

Make credit offer 3 hrs

Notify rejection 6hrs

Receive customer feedback 6 hrs

There is a 40% chance that application is granted and 60% chance of denied

The chance of request review is 10%

what is the total cycle time for the whole process

exit point Make entry point credit offer granted X Assess application X denied Credit application processed Notify rejection Receive customer feedback exit point decision review requested

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