ABC Bank is thinking of opening a new branch in a certain city besides its existing branches due to customers’ complaints of long waiting lines and distant of existing branches from them. As an expert in field of banking operations, you were asked to put the criteria of choosing the new location a- What and why would be the type of the quantity used in the break even analysis and what would be the suitable methods to use to achieve faster break even b- If you were asked to choose a mechanism for forecasting the number of transactions per day, what would be the methodology that you will use to decide such forecasting method and what do you think this method may be?

ABC Bank is thinking of opening a new branch in a certain city besides its existing branches due to customers’ complaints of long waiting lines and distant of existing branches from them. As an expert in field of banking operations, you were asked to put the criteria of choosing the new location a- What and why would be the type of the quantity used in the break even analysis and what would be the suitable methods to use to achieve faster break even b- If you were asked to choose a mechanism for forecasting the number of transactions per day, what would be the methodology that you will use to decide such forecasting method and what do you think this method may be?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter5: Network Models

Section5.3: Assignment Models

Problem 18P

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ABC Bank is thinking of opening a new branch in a certain city besides its existing branches due to customers’ complaints of long waiting lines and distant of existing branches from them. As an expert in field of banking operations, you were asked to put the criteria of choosing the new locationa- What are the main success key factors for choosing the location of the new branch in the city stating the reason for being relevantb- Arrange the factors in a descending order according to their importancec- What are the sources that will be used to define the score of these factors for each location alternatived- Give examples of the fixed costs and variable costs of establishing such new branche- What and why would be the type of the quantity used in the break even analysis and what would be the suitable methods to use to achieve faster break evenf- If you were asked to choose a mechanism for forecasting the number of transactions per day, what would be the methodology that you will use to…
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