OPERATIONS MANAGEMENT
Sheet1
| Activity | Interview | UW | Approved | QA | Closing | ||
| Flow of Applications | 1136.3636363636 | 379.5454545455 | 300 | ||||
| Processing time/ Application | 70 | ||||||
| Demand per month | 26568.1818181818 | ||||||
| Number of workers | 6 | ||||||
| Total total miunutes worked per day | 312 | ||||||
| Capacity | |||||||
| Implied Utilization |
I have mentioned in the instructions for capital one case that you need analysis, this is a hint (or a partial example) of how it can look.
I supposed 300 as monthly demand, that is just my plugin number for this example, you should do your own calculaton.
The number of activities are clearly given in process steps in Exhibit 1, I took five activies for demonstration purpose.
According to the Exhibit 6, If you start with 100 interviews you end-up booking just 26 loans. So number of flow of applications I have shown here reflect that Attrition rate.
Demand is in minutes. So capacity is in minutes as well
Capacity = number worker* work minutes per months. Look at the case and think how many hours a day and how many days a month the work.
Implied utililization = ?
Now I have given enough hints, read the case, the chapters and the questions. You should be able to answer all the questions I asked.