Question
Determine the utilization and efficiency for each of the following situations. a. A loan processing operation that processes an average of 6 loans per day.
Determine the utilization and efficiency for each of the following situations. a. A loan processing operation that processes an average of 6 loans per day. The operation has a design capacity of 10 loans per day and an effective capacity of 8 loans per day. (Round your answer to 1 decimal place.)
b. A furnace repair team that services an average of 3 furnaces a day if the design capacity is 9 furnaces a day and the effective capacity is 5 furnaces a day. (Round your answer to 1 decimal place.)
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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