Answered: Ship checks to the check clearinghouse…

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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Suppose a bank clears checks drawn on customers’ checking accounts by using the following process: a. If the capacity for receiving checks is 1000 checks per hour, for sorting checks is 800 checks per hour, and for shipping checks is 1200 per hour, what is the capacity of the system to process checks?
b. If the flow rate is an average of 600 checks per hour and there are an average of 200 checks in the system,what is the average throughput time of checks?
c. What could be done to decrease the throughput time?

Ship checks to
the check
clearinghouse
Receive
Sort checks
checks
by bank

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