Table 72 the Figure Above Shows the Process for Paying

question 160

Multiple Choice

Table 7.2 The figure above shows the process for paying tuition at a major university.Students are provided their bill for the next term for review,then routed to different tables for questions to be answered before finally paying their tuition at E.The numbers in parentheses are the time in minutes for each step of the process.
-Use the information in Table 7.2.What is the throughput time for the A-B-D-E process route?

• A)17 minutes
• B)27 minutes
• C)21 minutes
• D)19 minutes

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Definitions:

Newsvendor Model

A mathematical model used to determine optimal inventory levels for perishable or fashion goods, where demand is uncertain, aiming to balance the costs of understocking and overstocking.

Calculate

To determine the value or amount of something through mathematical processes or equations.

Formula

A mathematical relationship or rule expressed in symbols.

Project Completion Time

The estimated or planned duration within which a specific project is expected to be completed.