EBK OM
6th Edition
ISBN: 9781305888210
Author: Collier
Publisher: YUZU
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Chapter 7, Problem 6PA
Summary Introduction
Interpretation:Labor utilization rate needs to be measured using the given information with the help of utilization formula.
Concept Introduction: Resource utilization is an important analytic to measure the capacity of the system. Utilization refers to the ratio of resources used to resource available.
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How does seasonal variability in demand affect the l ow and waiting time through a process? How might a company respond to reduce the effect of this variability?
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Customer
1
2
3
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7
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Time in
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Instruction: Round your answer to 1 decimal place.
Flow time of customers
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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:
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A
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B
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E
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