Help ! Choice Bank receives credit card applications that need to be reviewed for a decision. There are two types of applications; preapproved, and non-preapproved. Preapproved applications only need a quick review and therefore take 6 minutes to process. Applications that are not preapproved need a secondary credit check and take 15 minutes to process. The bank receives 10 preapproved applications every hour and 6 applications that are not preapproved every hour. What is the utilization of the process? Group of answer choices 50 % 62.5 % 68.75 % 75 % 100 %

Help ! Choice Bank receives credit card applications that need to be reviewed for a decision. There are two types of applications; preapproved, and non-preapproved. Preapproved applications only need a quick review and therefore take 6 minutes to process. Applications that are not preapproved need a secondary credit check and take 15 minutes to process. The bank receives 10 preapproved applications every hour and 6 applications that are not preapproved every hour. What is the utilization of the process? Group of answer choices 50 % 62.5 % 68.75 % 75 % 100 %

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter4: Linear Programming Models

Section: Chapter Questions

Problem 111P

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Choice Bank receives credit card applications that need to be reviewed for a decision. There are two types of applications; preapproved, and non-preapproved. Preapproved applications only need a quick review and therefore take 6 minutes to process. Applications that are not preapproved need a secondary credit check and take 15 minutes to process. 8. The bank receives 10 preapproved applications every hour and 6 applications that are not preapproved every hour. What is the utilization of the process?
EU Company manufactures two different types of life vests (A and B) that are manufactured and assembled on three different workstations (W, X, and Y) using a small-batch process (see Figure 1). Batch setup times are negligible. The flowchart denotes the path each product follows through the manufacturing process, and each product’s price, demand per week, and processing times per unit are indicated as well. Purchased parts and raw materials consumed during production are represented by inverted triangles. EU can make and sell up to the limit of its demand per week; no penalties are incurred for not being able to meet all the demand. Each workstation is staffed by a worker who is dedicated to work on that workstation alone and is paid $6 per hour for an entire week, regardless of how much the worker is used. Total labor costs per week are fixed. Variable overhead costs are $1,500/week. The plant operates one 8-hour shift per day, or 40 hours/week. Which of the three workstations, W,…
Answer number 8 and 37 and 38 only that’s three questions DO NOT ANSWER 36 THIS IS NOT AN GRADED ASSIGNMENT PLEASE STOP THAT
The Prime Manufacturing Company is a garment factory that employs about 1250 employees of varied skills. About 75 percent are women who are mostly in the production department. Men employees are assigned in the maintenance department and as operators of machines used in garment production. Women are mostly in the sewing department, packaging, and quality control. Mr. Duztin Fernando was hired to head the HR department. Prior to his assignment at Prime Manufacturing Company, Rod was in a construction firm, a medium-sized organization. His main concern was preparing the payroll and handling employees’ records. The Human Resource Department is composed of 5 employees, a payroll clerk, a personnel assistant, two supervisors, and Mr. Duztin Fernando as Manager. The record of Duztin Fernando in his academic achievements is quite satisfactory. His Bachelor’s degree is in the field of Engineering. Performance in the previous employment is quite satisfactory. The…
In addition to wedding photos, Fotomemeories has an additional major operations in taking for photos for passports and visas for multiple countries consulated on the block of the courthouse. For all photography efforts, their current crew of photographers can provide at most 400 Total hours of labor per month and can process at most 10 photos per hour. The wedding space is only available for 250 hours. A photographer can photograph 20 wedding couples per hour. Photographers can only process passport and visa photos at a rate of 10 per hour. Wedding photos earn a revenue of 5 per wedding photo and each passport or visa gets a revenue of 3 per photo. Let W be the number of wedding photos in one month and let P be the number of passport and visa photos produced in a month. Using decision variables, formulate a linear program to maximize revenue.
For tis week I will request from you to solve this mini case. The CEO of the Baker Inc, wants to implement a new accounting system, to improve work flow through the company’s sales, cash receipts, accounts payable, and cash disbursement procedures. The CEO is, however, concerned about the potential disruption that the implementation will have on operations. In an announcement letter to Baker’s employees, the CEO stated that: “I have contracted Flybynight Consulting Group to do the needs analysis, system selection, and design work. The programming and implementation will be performed in-house using existing IT department staff. The development process will be unobtrusive to user departments because Flybynight knows what needs to be done. They will work independently, in the background, and will not disrupt departmental and internal audit work flow with time consuming interviews, surveys, and questionnaires. This promises to be an efficient process that will produce a system that will…
A firm recently built a new plant that will use more than 50 production lines and machines to produce over 500 different products. The production scheduling decisions are critical because sales will be lost if customer demand is not met on time. If no individual in the firm has had experience with this production operation, and if new production schedules must be generated each week, why should the firm consider a quantitative approach to the production scheduling problem?
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Please answer the question as quickly as possible A toy company has developed two new toys for possible inclusion in its product line for the upcoming Christmas season. Setting up the production facilities to begin production would cost $50,000 for toy 1 and $80,000 for toy 2. Once these costs are covered, the toys would generate a unit profit of $10 for toy 1 and $15 for toy 2. The company has two factories that are capable of producing these toys. However, to avoid doubling the start-up costs, just one factory would be used, where the choice would be based on maximizing profit. For administrative reasons, the same factory would be used for both new toys if both are produced. Toy 1 can be produced at the rate of 50 per hour in factory 1 and 40 per hour in factory 2. Toy 2 can be produced at the rate of 40 per hour in factory 1 and 25 per hour in factory 2. Factories 1 and 2, respectively, have 500 hours and 700 hours of production time available before Christmas that could…
What can we do to prevent excessive utilization of the central processing unit? What impact does having limited resources have on this tactic? Try out some of their output?
An electricity power plant was redesigned so that the old system consisting of a single large display screen which could be seen by all of a team of three operators was replaced by individual workstation screens for operators. This worked well until there was a problem which resulted in dangerous gases being released. The team of operators had great difficulty in finding the source of the problem and deciding what to do. Because they no longer have access to all the information, they have to spend time explicitly co-ordinating their understanding of the situation by talking to each other. Under the old system, the knowledge would be shared – one operator would know what was happening with another’s area of the plant without explicit communication. Although the team’s individual responsibilities would still have been clearly divided, the knowledge of the system would be shared. How could the new system of individual workstations be modified to make better use of distributed cognition?
SOLVE USING EXCEL A hospital emergency room needs the following numbers of nurses: Day Monday Tuesday Wednesday Thursday Friday Saturday Sunday Min. number 2 3 4 4 8 7 5 Each nurse should have two consecutive days off. How many full-time nurses are required, and what is a good nurse schedule? Show detailed steps of your solution.