Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Can someone please help me with this question? Please make sure to label I R T at every step in the diagram

Can someone help me with this question please?

From 11:00 AM to 12:00 Noon, 30 people arrive at a bank on average. When they enter they get in line to wait for a cashier. On average there are 3 customers in line waiting. On average customers spend 4 minutes with the cashier. When the customers leave the cashier, 90% immediately exit the bank and 10% go to the loan officer, where there is an average of 1/2 person waiting to see the loan officer. On average customers spend 15 minutes with a loan officer.

a. Draw the process flow diagram for this process in either word or Excel (label all activities and buffers)

b. Calculate the inventory, throughput rate and process time for each activity and buffer.

c. State the average time that a customer who only goes to see the cashier spends in the bank including their time waiting.

d. What is the average number of customers in the bank?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91535631

Have any Question?


Related Questions in Operation Management

Gentle bens bar and restaurant uses 6600 quart bottles of

Gentle Ben's Bar and Restaurant uses 6,600 quart bottles of an imported wine each year. The effervescent wine costs $4 per bottle and is served only in whole bottles because it loses its bubbles quickly. Ben figures that ...

1 explain net profit and net profit margin when can you

1. Explain net profit and net profit margin. When can you apply this information?. How can you measure them? Why are these indicators important? Explain and give specific examples. 2. Describe why it is so important to e ...

Damage expense topicviolations of internal control

Damage Expense Topic: Violations of Internal Control Characters: Chris, New Distribution Supervisor at a large candy manufacturer Bob, Inventory Control Manager, Chris’s immediate boss Chris has been recently hired as th ...

1 you are making the case to the advisory board of your

1. You are making the case to the advisory board of your company for a business ethics program. In addition to avoiding the damage to your company’s reputation that results from unethical behavior, what are the remaining ...

Assignmentthe steadily disappearing american car ferris

Assignment The Steadily Disappearing American Car (Ferris, 2018) Background Sedans, coupes, and hatchbacks once dominated American auto industry sales Consumer preferences for light trucks and sport utility vehicles (SUV ...

1 are the traditional american beliefs in free markets and

1. Are the traditional American beliefs in free markets and respect for personal autonomy contributing to diet-related public health crises such as obesity and diabetes? 2. Describe an activity or project at your IT Comp ...

1 compare and contrast the importance of location for

1. Compare and contrast the importance of location for residential and commercial properties. 2. What about meetings where the agenda items are not addressed because new items (risks/issues) keep popping up. What is a de ...

Collapsewhat have you learned about ethical policies of

COLLAPSE What have you learned about ethical policies of responsibility and the interrelationship between corporate governance and corporate social responsibility? Why is it important for companies to take accountability ...

1 identify and explain the role of entrepreneurship in the

1. Identify and Explain the role of entrepreneurship in the control and change process. 2. What is your assessment of business’s response to product and service quality and safety? Have they done enough? What is missing ...

1 why has retail medicine become popular with consumers how

1. Why has retail medicine become popular with consumers? How can health care managers and organizations leverage retail medicine concepts to enhance current service delivery practices in non- retail environments? 2. The ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As