EBK OM
6th Edition
ISBN: 9781305888210
Author: Collier
Publisher: YUZU
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Question
Chapter 8, Problem 3CQD
Summary Introduction
To find: The number of staff workers are required for the outgoing wire process if we eliminate all the rework.
Introduction: The summary of Bank usa cash movement case study is The cash movement operating unit is responsible for transferring funds for bank usa and any of its customers. The average demand is 306 wires per day for a 7.5 hour work day.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Major League Baseball's World Series is a maximum of seven games, with the winner being the first team to win four games. Assume that the Atlanta Braves and the Minnesota Twins are playing in the World Series and that the first two games are to be played in Atlanta,
the next three games at the Twins' ballpark, and the last two games, if necessary, back in Atlanta. Taking into account the projected starting pitchers for each game and the home field advantage, suppose the probabilities of Atlanta winning each game are as follows.
Game
1
2
3
4
5
6
7
Probability of Win 0.61
0.56
0.47
0.44 0.47
0.54
0.49
Construct a simulation model in which whether Atlanta wins or loses each game is a random variable. Use the model to answer the following questions. (Use at least 1,000 trials.)
(a) What is the average number of games played regardless of winner? (Round your answer to one decimal place.)
games
(b) What is the probability that the Atlanta Braves win the World Series? (Round your answer to…
Model File Available: Download NBAGIMS.xlsx
The Iowa Wolves are scheduled to play against the Maine Red Claws in an upcoming game in the National Basketball Association (NBA) G League. Because a player in the NBA G League is still developing his skills, the number of points he scores in a game can vary
substantially. Develop a spreadsheet model that simulates the points scored by each team. Assume that each player's point production can be represented as an integer uniform variable with the ranges provided in the following table. (Use at least 1,000 trials.)
Player Iowa Wolves
Maine Red Claws
1
[5, 20]
[6, 12]
2
[7, 20]
[15, 20]
3
[5, 10]
[10, 20]
4
[10, 40]
[15, 30]
5
[7, 20]
[6, 10]
6
[2, 10]
[1, 20]
7
[2, 5]
[1, 4]
8
[2,4]
[2,4]
(a) Consider the points scored by the Iowa Wolves team. (Round your answers to two decimal places.)
What is the average of points scored?
What is the standard deviation?
What is the shape of the distribution?
O uniform
bell-shaped
skewed left
skewed right
The wedding date for a couple is quickly approaching, and the wedding planner must provide the caterer an estimate of how many people will attend the reception so that the appropriate quantity of food is prepared for the buffet. The following table contains information
on the number of RSVP guests for the 145 invitations. Unfortunately, the number of guests does not always correspond to the number of RSVPed guests.
Based on her experience, the wedding planner knows it is extremely rare for guests to attend a wedding if they notified that they will not be attending. Therefore, the wedding planner will assume that no one from these 50 invitations will attend. The wedding planner
estimates that the each of the 25 guests planning to come solo has a 74% chance of attending alone, a 20% chance of not attending, and a 6% chance of bringing a companion. For each of the 60 RSVPs who plan to bring a companion, there is a 90% chance that they
will attend with a companion, a 4% chance of attending…
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- How do we prioritize mental well-being and incorporate stress management techniques? What are the obstacles to a balanced Workout plan to ensure comprehensive fitness and how to overcome them?arrow_forwardYou ordered 1,000 tons of cocoa beans, which will be delivered to your chocolate manufacturing plant in PA in March next year. The current price of cocoa beans, as of today, is $2,260 per ton. There is an investor company who currently offers two types of risk hedging contracts: -Forward contract: $2,400 per ton at a fixed cost of $30,000. -Futures contract: $2,400 per ton at a cost of $50 per ton (therefore, the up-front cost is 1000 tons * $50 per ton = $50,000) Assume that the price of cocoa beans went down to $2,200 per ton in March 2023. How much would you need to pay for 1,000 tons of cocoa beans under the futures contract?arrow_forwardWhat are the goals for maintaining focus, tracking progress, and staying motivated on wellness? How do they relate and impact the past and future routine workouts? What are the strengths and weaknesses, and how can we overcome the obstacles that could occur?arrow_forward
- What do you think is more effective in the long run, bringing in more staff during peak times or investing in cross-training and process redesign to manage demand variability better? With a Referencearrow_forward5. Glenn Dental Clinic provides general dental care to residents of Philadelphia on a walk-in basis. The clinic has started receiving complaints from patients that the waiting time is too long and has asked you to investigate whether this problem can be solved. Upon arrival, customers first receive a series of paperwork from the receptionist and fill out relevant information such as personal health records and insurance provider. The form is then handed back to the receptionist who enters the information into the computer system for the dentist to see. A dental assistant then takes an X-ray from the patient. A dentist then performs the checkup and discusses any issues with the patient. Based on conversations with staff members at the clinic, you have obtained the following information on the process: a. It takes about 5 minutes for a customer to fill out the paperwork. b. Entry of information on the paperwork into the system and verification with past records takes another 5 minutes…arrow_forwardWhy should businesses not set efficiency as the only goal? • Note: Include a reference with supportive citations in the discussion reply in your post.arrow_forward
- Do you think there are other methods to achieve efficiency, such as specialization or using technology to alleviate the bottleneck, like patient wait time?arrow_forwardIs it hard to improve efficiency in a process? Why or why not? Give an example of how to improve the efficiency of a process. Please provide a reference in APA formarrow_forwardSimplex Method Three types of paints are manufactured in one machine; Interior paint, Exterior paint and Paint for metal structures. The preparation time for each type of paint is 2, 3 and 4 minutes respectively and the processing time is 3, 2 and 1 minute. The profit contributed by each product is 12, 10 and 15 dollars respectively. The machine availability is 100 minutes and 200 minutes for machine setup. 1. Determine the optimum number of types of paints to be manufactured. 2. Determine the optimal utility value.arrow_forward
- The company LED S.A DE C.V. produces 2 devices for lamps, devices 1 and 2 that require metal parts and electrical parts. The manager wants to determine how many units of each product should be manufactured to maximize the profit for each unit, device 1 requires 2 metal parts and 4 electrical parts, device 2 requires 4 metal parts and 2 electrical parts, the company has 24 units of each material available for batch production, device 1 generates $4 profit and device 2 generates $6 profit. a) Formulate PL model. b) Solve by the graphical method and determine what is the resulting maximum profit. Translated with DeepL.com (free version)arrow_forwardQuestion 3 i. Using the Center of Gravity method, determine the optimal location (X, Y) for the new distribution center. [7 marks] [TOTAL 25 MARKS] Time (sec.) Power steering assembly firm wants to set up an assembly line which must have an output of 60 units per hour. The work elements, task times and their precedence relationships are shown in Table 2: Table 1 Work Element Immediate Predecessor(s) A 30 NONE B 26 A C 50 A D 44 B E 10 с F 20 с G 15 D.E H 30 E,G,F Required: a. Draw the precedence diagram showing the task precedence and their times b. Determine the cycle time associated with the rate of output required. [3 marks] c. What is the theoretical number of work stations required to satisfy this output rate? [3 marks] [4 marks] d. Allocate the tasks to work stations taking into consideration the precedence requirements and using the LOT rule to break ties between feasible tasks. e. Calculate the total idle time [8 marks] [3 marks] f. What is the efficiency of the line and the…arrow_forwardHyundai Motors is considering three sites-A, B, and C-at which to locate a factory to build its new electric car batteries. The goal is to locate at a minimum-cost site, where cost is measured by the annual fixed plus variable costs of production. Hyundai Motors has gathered the following data: Site Annualized Fixed Cost Variable Cost per Battery Produced A $11,000,000 $2,600 B C $2,000 $1,100 $20,000,000 $25,000,000 The firm knows it will produce between 0 and 60,000 batteries at the new plant each year, but, thus far, that is the extent of its knowledge about production plans. a) The value of volume, V, of production above which site C is recommended = batteries (round your response up to the next whole number).arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,
Understanding Management (MindTap Course List)ManagementISBN:9781305502215Author:Richard L. Daft, Dorothy MarcicPublisher:Cengage Learning
Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College PubMarketingMarketingISBN:9780357033791Author:Pride, William MPublisher:South Western Educational Publishing
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Understanding Management (MindTap Course List)
Management
ISBN:9781305502215
Author:Richard L. Daft, Dorothy Marcic
Publisher:Cengage Learning
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing
Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY