Question
2 a. A mortgage service office has the following four activities involved in approving a loan application. Note that a working day is 8 hours
2 a. A mortgage service office has the following four activities involved in approving a loan application. Note that a working day is 8 hours and there are 60 minutes in one hour.
Activity | Time (minutes) |
A. Property survey | 33 |
B. Credit report | 30 |
C. Title search | 41 |
D. Final decision | 25 |
Activities B and C are combined together and assigned to two employees, while the other two employees are responsible for activities A and D respectively. What would be the maximum number of loan applications the office can process per day?
2b.
A mortgage service office has the following four activities involved in approving a loan application. Note that a working day is 8 hours and there are 60 minutes in one hour.
Activity | Time (minutes) |
A. Property survey | 30 |
B. Credit report | 18 |
C. Title search | 21 |
D. Final decision | 38 |
With four employees, every employee can perform any activity and more than one activity. What would be the mortgage office's maximum direct labor utilization (DLU) under this setting?
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