In reply to MG:
this used to puzzle me too: Petzl have a solution on their website which proposes the use of two ropes joined together, and thus each climber can retain more rope to use in an assisted hoist. Depending on the total length carried (say two * 60m ropes) you could set up about 23m apart and still have enough rope each. With 2*50m the limit would be under 20m because of the need for knots etc.
In all honesty I have never done this, but it looks theoretically feasible.
Another solution would be to set up an initial belay, transfer the load, then safely approach the fallen climber and re-belay the rope closer to their hole and then release the original belay point and rope - lots of faff but again a possibility depending on the terrain.
My 2c worth is that getting the loop to the fallen climber will be quite difficult anyway, so go for an unassisted z hoist close to you, and travel as 3 or more on wet glaciers whenever you can, then the team acts as the break and the closest safe climber can set up the belay and free up the rest of the rope.