Explore BrainMass

Explore BrainMass

    work allocation problem

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    As a manager of a financial planning business you have two financial planners, Phil and Francis. In an hour, Phil can produce either one financial statement or answer 8 phone calls, while Francis can either produce 2 financial statements or answer 10 phone calls. Does either person have an absolute advantage in producing both products? Should these two planners be self-sufficient (each producing statements and answering phones) or specialize? Be sure to show your work.

    © BrainMass Inc. brainmass.com October 9, 2019, 11:59 pm ad1c9bdddf

    Solution Preview

    You have three choices to allocate work: 1) Both only answer calls, 2) both only do financial statements, or 3) One only does financial statements and the other only answers calls. ...

    Solution Summary

    Choices to allocate work are presented.