A bank receives loan applications from 6 customers a day. The bank has promised customers that applications will be processed in the order they are received. The table below shows the applications in the order they were received, the processing time for each loan application, and the due date that customers need to hear about their application status: Customer Processing time (days) Due date (days) A 9 13 B 11 18 C 8 11 D 7 13 E 10 22 F 12 28 Average flow time days Average tardiness days Average number of jobs applications
A bank receives loan applications from 6 customers a day. The bank has promised customers that applications will be processed in the order they are received. The table below shows the applications in the order they were received, the processing time for each loan application, and the due date that customers need to hear about their application status: Customer Processing time (days) Due date (days) A 9 13 B 11 18 C 8 11 D 7 13 E 10 22 F 12 28 Average flow time days Average tardiness days Average number of jobs applications
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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A bank receives loan applications from 6 customers a day. The bank has promised customers that applications will be processed in the order they are received. The table below shows the applications in the order they were received, the processing time for each loan application, and the due date that customers need to hear about their application status:
| Customer | Processing time (days) | Due date (days) |
| A | 9 | 13 |
| B | 11 | 18 |
| C | 8 | 11 |
| D | 7 | 13 |
| E | 10 | 22 |
| F | 12 | 28 |
| Average flow time | days | |
| Average tardiness | days | |
| Average number of jobs | applications |
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