EOQ model, Operation Management

Assignment Help:
Division X is growing and is in constant need of trained employees. The demand rate for trained employees is relatively constant at 5 each month. The division can run a gaining program that costs $5,000 per offering regardless of class size. Students graduate with a certificate and a $100/week pay raise. We assume there are 52 weeks per year. The raise is operative even if they attended the training before the new job is open and they continue with their old job. What class size is optimal and how many classes should be offered every year?

Related Discussions:- EOQ model

Explain the capability index, Q 1 The capability index (Cpk) calculates the...

Q 1 The capability index (Cpk) calculates the percentage of items being produced within specifications. Q 2 Design quality in products refers to the degree to which a product or

Why babysitters not need technology to compete, Lawyers, babysitters, and c...

Lawyers, babysitters, and construction companys. But why wouldn't they need technology to compete?

Determine the layout decision, Determine the Layout Decision Consider ...

Determine the Layout Decision Consider a layout decision which has been made in your own organisation. How was the layout devised? What were the key issues?

Explain what both the plaintiff and defendant must do, What are the procedu...

What are the procedural steps necessary to sue a person or company for business law dispute? Discuss and illustrate what both the plaintiff and defendant must do.

Compute the schedule variance or cost performance index, A project to build...

A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached wh

Define manufacturers should feel free to sell private labels, Should Nation...

Should National-Brand Manufacturers Also Supply Private Label Brands? Take a position: Manufacturers should feel free to sell private labels as a source of revenue versus nation

Describe cloud computing and web 2.0, In this research paper, you will rese...

In this research paper, you will research cloud computing and Web 2.0 and write a two- to four-page (500-1000 word) research paper explaining the business uses of each. Using the i

Compute the total relevant cost associated with the eoq, The local technolo...

The local technology store WiredIn hired you to manage their inventory, which consists of 2 products configurations, type L and type J. Below are the data for the products. The hol

Describe barcelona restaurant group quality, From the video "Barcelona Rest...

From the video "Barcelona Restaurant Group", determine how the same focus on quality demonstrated by the Barcelona Restaurant Group could benefit manufacturing operations. Provide

Explain how much repayment of principal, Jan sold her house on December 31 ...

Jan sold her house on December 31 and took a $50,000 mortgage as part of the payment. The 10-year mortgage has a 11% nominal interest rate, but it calls for semiannual payments beg

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd