An insurance claims work area has five claims waiting for processing as follows: Use the Excel Sequencing
Question:
An insurance claims work area has five claims waiting for processing as follows:
Use the Excel Sequencing template to find the average flowtime, average and maximum tardiness, and average lateness for the following sequences: SPT sequence, EDD sequence, and the sequence 2-1-5-3-4.
What sequencing rule do you recommend and why?
Transcribed Image Text:
Job Processing Time 1 2 3 45 26251 18 20 17 Due Date (D.) 35 40 32 28 30
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (2 reviews)
calculate the average flowtime average and maximum tardiness and average lateness for the specified ...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
An insurance claims work area has five claims waiting for processing as follows. Compute the average flow time, tardiness, and lateness for the following sequences: SPT sequence, EDD sequence, and...
-
In this chapter, we noted that the EDD rule minimizes the maximum job tardiness and maximum lateness while the SPT rule minimizes the average flowtime. However, neither of these rules minimize the...
-
An attorneys office operates with a single copier. At the beginning of a particular day the following jobs are waiting for processing. All jobs must be distributed to clients or in court by 9:00...
-
A trader has made a sale of Rs.75,500 out of which cash sales amounted to Rs.25,500. He showed trade receivables on 31-3-2014 at Rs.25,500. Which concept is followed by him? a) Going concern b) Cost...
-
A square wire loop 10.0 cm on each side carries a clockwise current of 15.0 A. Find the magnitude and direction of the magnetic field at its center due to the four 1.20-mm wire segments at the...
-
Singleton Supplies Corporation (SSC) manufactures medical products for hospitals, clinics, and nursing homes. SSC may introduce a new type of X-ray scanner designed to identify certain types of...
-
Surging is the phenomenon of __________.
-
The controller of the plant of Minsky Company prepared a graph of the unit costs from the job cost reports for Product One. The graph appeared as follows: How would you interpret this information?...
-
FAC3704/102 QUESTION 12 (30 marks)(36 minutes) Dexter Ltd holds 25 000 ordinary shares in Debra Ltd The shares were acquired on 1 February 20.8 for R120 000 when the retained earnings of Debra Ltd...
-
Eight jobs have arrived in the following order: Find and compare the performance measures for the following sequencing rules using the Excel Sequencing template: a. Process in the order they have...
-
A manufacturing process involving machined components consists of two operations done on two different machines. The status of the queue at the beginning of a particular week is as follows: The...
-
You expect to have $5000 in one year. A bank is offering loans at 3.5% interest per year. How much can you borrow today?
-
"The price of anything is the amount of life you exchange for it." What does this quote from Henry David Thoreau say about valuing nature? Speculate.
-
Discuss at least two differences among the strategic, tactical, and operational decisions in a supply chain. Give two examples of each type of decision.
-
How would an advance in the technology of pollution control affect the MCC? Explain this using a graph? Can you provide an example or two that would represent an advance in pollution-control...
-
What is a buying intentions survey, and what does it accomplish?
-
What are benefits and drawbacks of ACOs?
-
Should Best Buy use single product or multiproduct break-even analysis? Explain.
-
Calculate the Lagrange polynomial P 2 (x) for the values (1.00) = 1.0000, (1.02) = 0.9888, (1.04) = 0.9784 of the gamma function [(24) in App. A3.1] and from it approximations of (1.01) and (1.03).
-
How have you been personally affected by globalization?
-
Have you ever worked for a company that had a corporate social responsibility policy? Did it make a difference?
-
Have you ever worked for a company that promotes sustainability?
-
Explains the primary function of the organization and its overall budget Explains the performance budgeting process Explains the various government revenue sources and which sources the organization...
-
Identify common characteristics of good and poor labor relations and design methods for obtaining information that you need to assess an organization
-
Find an HR manager or another businessperson/owner that you may know. Ask them about the most common legal issues that they face at work when it comes to payment of wages or benefits to employees.
Study smarter with the SolutionInn App