1. Christopher's Cranks uses a machine that can produce 100 cranks per hour. The firmoperates 12 hours per day, five days per week. Due to regularly scheduledpreventive maintenance, the firm expects the machine to be running duringapproximately 95% of the available time. Based on experience with other products,the firm expects to achieve an efficiency level for the cranks of 75%. What is theexpected weekly output of cranks for this company? 2. An executive conference center has the physical ability to handle 1,500 participants.However, conference management personnel believe that only 1,300 participants can behandled effectively for most events. The last event, although forecasted to have 1,300participants, resulted in the attendance of only 1080 participants. a. Calculate the utilization rate of the conference facility. b. Calculate the efficiency of the conference facility.
1. Christopher's Cranks uses a machine that can produce 100 cranks per hour. The firm
operates 12 hours per day, five days per week. Due to regularly scheduled
preventive maintenance, the firm expects the machine to be running during
approximately 95% of the available time. Based on experience with other products,
the firm expects to achieve an efficiency level for the cranks of 75%. What is the
expected weekly output of cranks for this company?
2. An executive conference center has the physical ability to handle 1,500 participants.
However, conference management personnel believe that only 1,300 participants can be
handled effectively for most events. The last event, although
participants, resulted in the attendance of only 1080 participants.
a. Calculate the utilization rate of the conference facility.
b. Calculate the efficiency of the conference facility.
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