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Determine the utilization and efficiency for each of the following situations. a. A loan processing operation that processes an average of 5 loans per day. The operation has a design capacity of 13 loans per day and an effective capacity of 9 loans per day. (Round your answer to 1 decimal place.) Utilization Efficiency b. A furnace repair team that services an average of 4 furnaces a day if the design capacity is 8 furnaces a day and the effective capacity is 7 furnaces a day. (Round your answer to 1 decimal place.) Utilization Efficiency 55.5 % 38.5 % This is not necessarily 57.1 % 50.0 % c. Would you say that systems that have higher efficiency ratios than other systems will always have higher utilization ratios than those other systems? If the design capacity is relatively low

Determine the utilization and efficiency for each of the following situations. a. A loan processing operation that processes an average of 5 loans per day. The operation has a design capacity of 13 loans per day and an effective capacity of 9 loans per day. (Round your answer to 1 decimal place.) Utilization Efficiency b. A furnace repair team that services an average of 4 furnaces a day if the design capacity is 8 furnaces a day and the effective capacity is 7 furnaces a day. (Round your answer to 1 decimal place.) Utilization Efficiency 55.5 % 38.5 % This is not necessarily 57.1 % 50.0 % c. Would you say that systems that have higher efficiency ratios than other systems will always have higher utilization ratios than those other systems? If the design capacity is relatively low

Practical Management Science
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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S Problem 5-1 (Algo) Determine the utilization and efficiency for each of the following situations. a. A loan processing operation that processes an average of 5 loans per day. The operation has a design capacity of 13 loans per day and an effective capacity of 9 loans per day. (Round your answer to 1 decimal place.) Utilization Efficiency b. A furnace repair team that services an average of 4 furnaces a day if the design capacity is 8 furnaces a day and the effective capacity is 7 furnaces a day. (Round your answer to 1 decimal place.) Utilization Efficiency 55.5 % 38.5 % This is not necessarily 57.1 % 50.0 % c. Would you say that systems that have higher efficiency ratios than other systems will always have higher utilization ratios than those other systems? . If the design capacity is relatively low
Transcribed Image Text:S Problem 5-1 (Algo) Determine the utilization and efficiency for each of the following situations. a. A loan processing operation that processes an average of 5 loans per day. The operation has a design capacity of 13 loans per day and an effective capacity of 9 loans per day. (Round your answer to 1 decimal place.) Utilization Efficiency b. A furnace repair team that services an average of 4 furnaces a day if the design capacity is 8 furnaces a day and the effective capacity is 7 furnaces a day. (Round your answer to 1 decimal place.) Utilization Efficiency 55.5 % 38.5 % This is not necessarily 57.1 % 50.0 % c. Would you say that systems that have higher efficiency ratios than other systems will always have higher utilization ratios than those other systems? . If the design capacity is relatively low
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