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16 February, 01:38

A loan processing operation that processes an average of 7 loans per day. The operation has a design capacity of 15 loans per day and an effective capacity of 12 loans per day. (Round your answer to 1 decimal place. Omit the "%" sign in your response.) Utilization % Efficiency % b. A furnace repair team that services an average of 2 furnaces a day if the design capacity is 10 furnaces a day and the effective capacity is 6 furnaces a day. (Round your answer to 1 decimal place. Omit the "%" sign in your response.) Utilization % Efficiency % c. Would you say that systems that have higher efficiency ratios than other systems will always have higher utilization ratios than those other systems

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  1. 16 February, 02:07
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    a) 46.7, 80 b) 20, 60 c) yes

    Explanation:

    a) % utilization = utilization/design capacity * 100

    = 7/15 * 100

    = 46.7%

    % efficiency = efficiency/design capacity * 100

    = 12/15 * 100

    =80%

    b) Utilization = 2/10 * 100 = 20%

    Efficiency = 6/10 * 100 = 60%

    c) A system with higher efficiency ratios will always have higher utilization as these systems will have lesses number of failures
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Home » Business » A loan processing operation that processes an average of 7 loans per day. The operation has a design capacity of 15 loans per day and an effective capacity of 12 loans per day. (Round your answer to 1 decimal place.
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