Answered: Processing Time Date Entry…

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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Question

Claims received by Healthwise Insurance Company are en-tered into the database at one station, and sent to anotherstation for review. The processing time (in minutes) re-quired for each general type of claim is shown here. Cur-rently, Bill Frazier has 10 claims to be reviewed. In whatorder should he process the claims so that the entire batchcan get into the system as soon as possible? How long willit take to process the 10 claims completely?

Processing Time
Date Entry
Classification
1. Medicare I
2. Physician 24
Review
8
6
15
9
3. Medicare Il
6
5
4. Physician 4
5
10
5. HMO I
17
15
6. Physician 17
9
10
7. Emergency I|
5
3
8. HMO II
4
15
9. Physician 37
12
10
10. Emergency I
20
4

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