Magnus Packard is an underwriter who works at Capital State Financial where heprocesses loans daily. He usually takes an average of 40 minutes to process eachloan or job and can identify how long each one will take based on a few keyindicators within the application. Today, he has five loans that he must process bythe end of the day. Each job is labeled in alphabetical order based on the order inwhich it arrived. For example, A arrived first, and B came in second, etc. (See tablebelow)JobProcessing Time (minutes)AB50 40SPT?CDEF60 30 25 35Q2. Let's say, Magnus' office requires underwriters to follow the shortest-processing-time (SPT) rule. In what order will Magnus complete the jobs withA) A, B, C, D, E, FB) E, D, F, B, A, CC) C, D, E on Day 1 and A, B, F on Day 2D) D, E, F on Day 1 and A, B, C on Day 2E) C, A, B, F, D, Ecome-

SPT or Shortest processing rule is a sequancing model based on the processing time. Here it consider…

Answered: Magnus Packard is an underwriter who…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter5: Network Models

Section: Chapter Questions

Problem 70P

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