Question: Use the following text to answer the subsequent questions. The Lawyers-R-Us law firm specializes in the issuance of insurance policies covering large commercial real estate

Use the following text to answer the subsequent questions.

The Lawyers-R-Us law firm specializes in the issuance of insurance policies covering large commercial real estate projects focusing on shopping centers. The typical work involved in each transaction is quite predictable and repetitive.

The time requirements for preparing a standard contract is given in the table below. 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 in an 8-hour workday is taken by other unrelated office activities). For the next month, the firm has generated 150 orders. Assume one month equals 20 working days.

Data for Law Firm

Resource Pool i

Unit Load

(hours per contract)

No. of Professionals

(per pool)

Hours Available

(per individual professional per day)

Paralegals

4

4

6

Tax Lawyers

1

3

8

Senior Partners

1

2

4

Answering the following questions may need some "trial & error" effort.

1) What is the total hours the Paralegals, Tax Lawyers, and Senior Partners (i.e. resource pools), can work, respectively (i.e. total pool hours per day)?

A) 4, 3, 2

B) 24, 24, 8

C) 24, 16, 8

D) 16, 4, 3

E) None of the given options

2) What is the effective capacity of the resource pools, respectively (i.e. number of contracts per day)?

A) 1, 3, 2

B) 2, 6, 4

C) 8, 6, 24

D) 6, 24, 8

E) None of the given options

3) Based on the answers to the previous questions, what is the effective capacity of the entire process (i.e. contracts per day)?

A) 6

B) 8

C) 24

D) 12

E) None of the given options

4) For the next month, the firm has generated 150 orders. Assuming one month consists of 20 working days, how many contracts will the firm be able to process in that month?

A) 150

B) 75

C) 120

D) 100

5) What is the additional number of professionals of each pool (i.e. paralegals, lawyers, and partners) that are needed to process all 150 contracts next month, with the least amount of wasted time? In other words, if adding 2 professionals will get the job done, then adding 3 would cause wasted time. This may require a "trial and error" approach!

(Round your answers to the nearest whole person as you cannot hire a partial person.)

A) 2 Paralegals; 0 Tax Lawyers; and 1 Senior Partners

B) 0 Paralegals; 1 Tax Lawyers; and 2 Senior Partners

C) 1 Paralegals; 1 Tax Lawyers; and 1 Senior Partners

D) 1 Paralegals; 0 Tax Lawyers; and 0 Senior Partners

E) None of the given options

6) Compute the Theoretical Capacity of each resource pool, using data computed above for the effective capacity of the pools after possible addition of any professionals and assuming that the Capacity Waste Factors (CWFs) of the paralegals, tax lawyers, and senior partners are 20%, 30%, and 35%, respectively.

Hint: Theo. Cap. = Eff. Cap. / (1 - CWF)

A) Paralegals: 3.784, Lawyers: 32.869, and Partners: 10.876

B) Paralegals: 9.375, Lawyers: 34.286, and Partners: 12.308

C) Paralegals: 17.593, Lawyers: 42.286, and Partners: 21.530

D) Paralegals: 14.762, Lawyers: 27.861, and Partners: 19.325

E None of the given options

7) What is the Theoretical Capacity (i.e. contracts per day) of the entire process (i.e. the law firm) using the computed Theoretical Capacity of each resource pool above?

A) 34.286

B) 12.308

C) 10.693

D) 9.375

E) None of the given options

8) Based on the computed information above, which resource pool/group is the bottleneck in this process (i.e. the law firm)?

A) Paralegals

B) Tax Lawyers

C) Senior Partners

D) None of the given options

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