An insurance claims work area has five claims waiting for processing as follows: Use the Excel Sequencing
Question:
An insurance claims work area has five claims waiting for processing as follows:
Use the Excel Sequencing template to find the average flowtime, average and maximum tardiness, and average lateness for the following sequences: SPT sequence, EDD sequence, and the sequence 2-1-5-3-4.
What sequencing rule do you recommend and why?
Transcribed Image Text:
Job Processing Time 1 2 3 45 26251 18 20 17 Due Date (D.) 35 40 32 28 30
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (3 reviews)
calculate the average flowtime average and maximum tardiness and average lateness for the specified ...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
An insurance claims work area has five claims waiting for processing as follows. Compute the average flow time, tardiness, and lateness for the following sequences: SPT sequence, EDD sequence, and...
-
In this chapter, we noted that the EDD rule minimizes the maximum job tardiness and maximum lateness while the SPT rule minimizes the average flowtime. However, neither of these rules minimize the...
-
An attorneys office operates with a single copier. At the beginning of a particular day the following jobs are waiting for processing. All jobs must be distributed to clients or in court by 9:00...
-
A trader has made a sale of Rs.75,500 out of which cash sales amounted to Rs.25,500. He showed trade receivables on 31-3-2014 at Rs.25,500. Which concept is followed by him? a) Going concern b) Cost...
-
A square wire loop 10.0 cm on each side carries a clockwise current of 15.0 A. Find the magnitude and direction of the magnetic field at its center due to the four 1.20-mm wire segments at the...
-
What would be the most appropriate type of menu for each business unit in each of these examples?
-
Run BIRCH on each of the five different sortings. Report the value of k and the MS for each.
-
Tingham Village issued 500 five-year bonds on July 1, 2012. The interest payments are due semiannually (January 1 and July 1) at an annual rate of 6 percent. The effective interest rate on the bonds...
-
Detective controls are better than preventive controls: a. Detective controls are better than preventive controls b. Detective controls are as useful as preventive controls c. There is only one kind...
-
Eight jobs have arrived in the following order: Find and compare the performance measures for the following sequencing rules using the Excel Sequencing template: a. Process in the order they have...
-
A manufacturing process involving machined components consists of two operations done on two different machines. The status of the queue at the beginning of a particular week is as follows: The...
-
Here is the Federal Tax Rate Schedule X that specifies the tax owed by a single taxpayer for a recent year. The preceding tax table can be modeled by a piecewise function, where x represents the...
-
Solve these question in details and fully explaination. It is the pre-lab working for Capacitors. Thanks so much in advance. 1: The figure shows a circuit with a charged capacitor (left), two...
-
Exercise 10-14A (Algo) Straight-line amortization of a bond discount LO 10-4 Diaz Company issued bonds with a $112,000 face value on January 1, Year 1. The bonds had a 8 percent stated rate of...
-
1. What would we have to plot on the vertical axis? EXPLAIN YOUR ANSWER OR NO CREDIT. [Hint: Solve for k first.] F= Kx kx dala you Experi determine the K= K = F Cart SHOW ALL WORK OR NO CREDITI 2....
-
You are interested in computing the heat transfer properties of a new insulation system shown here. Tair Air Layer 1 Layer 2 T P
-
16.3 The demand function for replicas for the Statue of Liberty is given by f(p): = 500 - 2p, where f(p) is the number of statues that can be sold for p dollars. (a) What is the relative rate of...
-
The summarized balance sheets of three businesses in the same industry are shown below for 200X. The operating profit and sales for the three companies for the years in question were: The companies...
-
The production budget of Artest Company calls for 80,000 units to be produced. If it takes 30 minutes to make one unit and the direct labor rate is $16 per hour, what is the total budgeted direct...
-
How have you been personally affected by globalization?
-
Have you ever worked for a company that had a corporate social responsibility policy? Did it make a difference?
-
Have you ever worked for a company that promotes sustainability?
-
Slow Roll Drum Co. is evaluating the extension of credit to a new group of customers. Although these customers will provide $198,000 in additional credit sales, 13 percent are likely to be...
-
Wendell's Donut Shoppe is investigating the purchase of a new $39,600 conut-making machine. The new machine would permit the company to reduce the amount of part-time help needed, at a cost savings...
-
1.Discuss the challenges faced with Valuing Stocks and Bonds. As part of this discussion, how will the selected item be implemented in an organization and its significance? 2. Discuss how Valuing...
Study smarter with the SolutionInn App