First, we need to find the capacity of each worker in terms of Loans/hour
W1: (Activity 1)
Total time per loan = 4 mins
Capacity of W1 = 60/4 = 15 loans/hour
W2: (Activity 2 and 3)
Total time per loan = 5 + 11 = 16 mins
Capacity of W2 = 60/16 = 3.75 loans/hour
W3: (Activity 4 and 5)
Total time per loan = 2 + 2 = 4 mins
Capacity of W3 = 60/4 = 15 loans/hour
Process Capacity = Lowest Capacity of Worker = Capacity of W2 = 3.75 Loans/hour.
Time taken to process 100 loan application (T)
T = 100/Process Capacity = 100/3.75 = 26.67 hours or 1600 minutes
QUESTION 2 One Hour Loan offers customized loans. Customers call a toll free number with a...
Mr. K’s is a very popular hair salon. It offers high-quality hairstyling and physical relaxation services at a reasonable price, so it always has unlimited demand. The service process includes five activities that are conducted in the sequence described next (the time required for each activity is shown in parentheses): Activity 1: Welcome a guest and offer homemade herb tea (11 minutes). Activity 2: Wash and condition hair (11 minutes). Activity 3: Neck, shoulder, and back stress-release massage (11 minutes)....
QUESTION 4 Mr. K's is a very popular hair salon. It offers high-quality hair styling and physical relaxabon services at a reasonable price, so I always has unlimited demand. The service process includes five activities that are conducted in the sequence described below. The time required for each activity is shown in parenthesis Activity 1: Welcome a guest and offer homemade herb tea (10 minutes) Activity 2: Wash and condition hair (10 minutes) Activity 3: Neck, shoulder and back stress...
Mr. K’s is a very popular hair salon. It offers high-quality hairstyling and physical relaxation services at a reasonable price, so it always has unlimited demand. The service process includes five activities that are conducted in the sequence described next (the time required for each activity is shown in parentheses): Activity 1: Welcome a guest and offer homemade herb tea (12 minutes). Activity 2: Wash and condition hair (12 minutes). Activity 3: Neck, shoulder, and back stress-release massage (12 minutes)....
Mr. K's is a very popular hair salon. It offers high-quality hairstyling and physical relaxation services at a reasonable price, so it always has unlimited demand. The service process includes five activities that are conducted in the sequence described below. (The time required for each activity is shown in parenthesis):Activity 1: Welcome a guest and offer homemade herb tea. (10 minutes)Activity 2: Wash and condition hair. (10 minutes)Activity 3: Neck, shoulder, and back stress release massage. (10 minutes)Activity 4: Design...
PA 4-4 (Algo) Mr. K's is a very popular hair salon. It... Mr. K's is a very popular hair salon. It offers high-quality hairstyling and physical relaxation services at a reasonable price, so it always has unlimited demand. The service process includes five activities that are conducted in the sequence described next (the time required for each activity is shown in parentheses): Activity 1: Welcome a guest and offer homemade herb tea (9 minutes). Activity 2: Wash and condition hair...
And there was a buy-sell arrangement which laid out the conditions under which either shareholder could buy out the other. Paul knew that this offer would strengthen his financial picture…but did he really want a partner?It was going to be a long night. read the case study above and answer this question what would you do if you were Paul with regards to financing, and why? ntroductloh Paul McTaggart sat at his desk. Behind him, the computer screen flickered with...