An Analysis of the Current Mortgage Loan Process Found That

question 34

Essay

An analysis of the current mortgage loan process found that the overall system reliability of a part of the total process consisting of three stages was low. After much analysis, the process manager decided to add redundancy to this part of the process. So, clerks A and B checked one another's work as well as clerks C and D in the new process. Consider each pair to be parallel. A study found that all clerks performed at an average reliability of 0.85. What is the reliability of the new process with more redundancy?

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Definitions:

Minimal Shipping Cost

Refers to the lowest possible cost that a company or individual pays to transport goods from one location to another.

Market Demand

The total volume of a product or service that consumers in a market are willing and able to purchase at various prices during a specified period.

Outbound Transportation Costs

Expenses associated with the shipping of products from a warehouse or factory to the customer.

Hard Infrastructure

Physical structures and facilities, such as roads, bridges, and railways, that are essential for the functioning of a society and its economy.