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2 October, 07:10

a. A loan processing operation that processes an average of 4 loans per day. The operation has a design capacity of 12 loans per day and an effective capacity of 11 loans per day. (Round your answer to 1 decimal place. Omit the "%" sign in your response.)

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  1. 2 October, 07:47
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    Efficiency = 36.36%

    Utilization = 33.33%

    Explanation:

    The question is to determine the efficiency and the utilization for each of the situations as follows:

    First, we need to understand the formula to be used for efficiency and then for utilization.

    Efficiency formula = (The Actual Output / Effective Capacity) x 100

    Utilization Formula = (The Actula Output / Design Capacity) x 100

    Secondly, we apply the formulas as follows:

    Efficiency = Average Loans per day (4) / Effective Capacity (11) x 100

    = 4/11 x 100 = 36.36%

    Utilization = The average output (4) / Design Capacity (12) x 100

    =4/12 x 100 = 33.33%
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Home » Business » a. A loan processing operation that processes an average of 4 loans per day. The operation has a design capacity of 12 loans per day and an effective capacity of 11 loans per day. (Round your answer to 1 decimal place.
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