Determine the utilization and the efficiency for each of these situations: A loa

Question

Determine the utilization and the efficiency for each of these situations: A loan processing operation that processes an average of 5 loans per day. The operation has a design capacity of 19 loans per day and an effective capacity of 17 loans per day. (Round your answer to 1 decimal place. Omit the "%" sign in your response.) A furnace repair team that services an average of 4 furnaces a day if the design capacity is 9 furnaces a day and the effective capacity is 8 furnaces a day. (Round your answer to 1 decimal place. Omit the "%" sign in your response.) Would you say that systems that have higher efficiency ratios than other systems will always have higher utilization ratios than those other systems?

Explanation / Answer

a) Utilization ratio 89.47% 17/19 Efficiency ratio 29.41% 5/17. b) Utilization ratio 88.89% 8/9. Efficiency ratio 50.00% 4/8.

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