A law firm specializes in the issuance of insurance policies covering large commercial real estate projects. The projects fall into two categories: shopping centers, and medical complexes. The typical work involved in each transaction is quite predictable and repetitive. The time requirements (unit loads) for preparing a standard contract of each type are given in the table below. The product mix is 30% for shopping and 70% for medical. Also listed are the numbers of professionals of each type and they number of available hours per professionalper day (the rest of time is takenby otheroffice activities):
Shopping Unit Load (hours/contract) | Medical Unit Load (hours/contract) | Number ofProfessionals | Scheduled Availability Hours/day | Shopping Effective Capacity (contracts/day) | Medical Effective Capacity (contracts/day) | |
Paralegal | 4 | 6 | 4 | 6 | 6 | 4 |
Tax Lawyer | 1 | 3 | 3 | 8 | 24 | 8 |
Senior Partner | 1 | 1 | 2 | 4 | 8 | 8 |
Product Mix | 30% | 70% |
PLEASE SHOW ALL CALCULATIONS: