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A restaurant operates with two full-time employees who work 8 hours per day. The rest of the employees are part-time employees who are scheduled for 4 hours shifts. On Saturdays the restaurant is open 11:00 A.M. to 10:00 P.M. Management wants to develop a schedule for part-time employees that will minimize labor costs and still provide excellent service. The average wage rate for the part-time employees is 7.60 per hour. The total number of full-time and part-time employees needed varies with time of day as shown.
Time Total Number of employees Needed
11:00 A.M.- Noon 9
Noon - 1:00 P.M. 9
1:00 P.M. - 2:00 P.M. 9
2:00 P.M. - 3:00 P.M. 3
3:00 P.M - 4:00 P.M. 3
4:00 P.M. -5:00 P.M. 3
5:00 P.M.- 6:00 P.M. 6
6:00 P.M.- 7:00 P.M. 12
7:00 P.M.- 8:00 P.M. 12
8:00 P.M.- 9:00 P.M. 7
9:00 P.M.- 10:00 P.M. 7
One full time employee comes on duty at 11:00 A.M., work 4 hours, takes an hour off, and returns do another 4 hours. The other full-time employee comes to work at 1:00 P.M. and works the same 4 hours-on, 1 hours-off, 4 hours-on pattern.
(a) Develop a minimum-cost schedule for part-time employees.(b) What is the total payroll for the part-time employees?
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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