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

Question

Business

Miranda Suarez

9 November, 18:45

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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Answers (1)

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Wright · Answer 1

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