A law form specialized in the issuance of insurance policies covering large commercial real estate projects. The projects fall into two categories: shopping centers, and medical complexes. The typical work involved in each transaction is quite predictable and repetitive. The time requirements (unit loads) for preparing a standard contract of each type are given in the following table. Also listed are the number of professionals of each type and the number of available hours per professional per day (the rest of time is taken by other office activities): Unit load Shopping (hour/contract) Unit load Medical (hour/contract) No. of professionals Hours available (hours/professional /day) Paralegal 4 6 4 6 Tax lawyer 1 3 3 8 Senior partner 1 1 2 4 For the month of Feb 2023, the firm has generated the 150 orders, 75 of each type. Assume one month equals 20 days. QUESTIONS What is the effective capacity of the process (contract/day)? Answer: Paralegal: Unit load for product mix: (4+6)/2=5 Effective capacity of a resource unit: 1/5=0.2 No. of hours available: 4x6=24 Effective capacity of a resource pool: 0.2x24=4.8 Tax lawyer: Unit load for product mix: (1+3)/2=2 Effective capacity of a resource unit: 1/2= 0.5 No. of hours capacity of a resource unit: 3x8=24 Effective capacity of a resource pool: 0.5x24=12 Senior partner: Unit load for product mix: (1+1)/2= 1 Effective capacity of a resource unit: 1/1=1 No. of hours capacity of a resource unit: 2x4= 8 Effective capacity of a resource pool: 1x8=8 Therefore, the effective capacity of the process (contract/day) is 4.8 Can the company process all 150 cases in February? Answer: Yes as it is less than the total capacity of process If the firm wishes to process all the 150 cases available in Feb, how many professionals of each type are needed?How to do the last part?

A law form specialized in the issuance of insurance policies covering large commercial real estate projects. The projects fall into two categories: shopping centers, and medical complexes. The typical work involved in each transaction is quite predictable and repetitive. The time requirements (unit loads) for preparing a standard contract of each type are given in the following table. Also listed are the number of professionals of each type and the number of available hours per professional per day (the rest of time is taken by other office activities): Unit load Shopping (hour/contract) Unit load Medical (hour/contract) No. of professionals Hours available (hours/professional /day) Paralegal 4 6 4 6 Tax lawyer 1 3 3 8 Senior partner 1 1 2 4 For the month of Feb 2023, the firm has generated the 150 orders, 75 of each type. Assume one month equals 20 days. QUESTIONS What is the effective capacity of the process (contract/day)? Answer: Paralegal: Unit load for product mix: (4+6)/2=5 Effective capacity of a resource unit: 1/5=0.2 No. of hours available: 4x6=24 Effective capacity of a resource pool: 0.2x24=4.8 Tax lawyer: Unit load for product mix: (1+3)/2=2 Effective capacity of a resource unit: 1/2= 0.5 No. of hours capacity of a resource unit: 3x8=24 Effective capacity of a resource pool: 0.5x24=12 Senior partner: Unit load for product mix: (1+1)/2= 1 Effective capacity of a resource unit: 1/1=1 No. of hours capacity of a resource unit: 2x4= 8 Effective capacity of a resource pool: 1x8=8 Therefore, the effective capacity of the process (contract/day) is 4.8 Can the company process all 150 cases in February? Answer: Yes as it is less than the total capacity of process If the firm wishes to process all the 150 cases available in Feb, how many professionals of each type are needed?How to do the last part?

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A law form specialized in the issuance of insurance policies covering large commercial real estate projects. The projects fall into two categories: shopping centers, and medical complexes. The typical work involved in each transaction is quite predictable and repetitive. The time requirements (unit loads) for preparing a standard contract of each type are given in the following table. Also listed are the number of professionals of each type and the number of available hours per professional per day (the rest of time is taken by other office activities):

	Unit load Shopping (hour/contract)	Unit load Medical (hour/contract)	No. of professionals	Hours available (hours/professional /day)
Paralegal	4	6	4	6
Tax lawyer	1	3	3	8
Senior partner	1	1	2	4