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

Summarize the key points of the performance improvement, Briefly summarize ...

Briefly summarize the main points of the Performance Improvement article. Discuss one item that you have learned from the reading and how you might benefit from the information. (I

Explain inventory decreases and inventory increases, What happens to invent...

What happens to inventory as the number of kanban cards increases? Inventory decreases Inventory increases Inventory remains the same The number of kanban cards has no

Discuss factors are vital for the success, Selecting the right projects ...

Selecting the right projects Selecting the right parteners Providing an effective leadership Discuss why these factors are vital for the success of international construct

What are the factors to effect capacity levels, What are the factors to eff...

What are the factors to effect capacity levels? Factors effecting capacity levels are as follows: • Resources accessible for example, labour and skills, machine time and

Group technology - cellular manufacturing system, Group Technology- Cellula...

Group Technology- Cellular Manufacturing System In group technology/ cellular manufacturing (CM) machines are grouped into cells and the cells functions somewhat like a produc

Explain gather information outside a case analysis, When should you gather ...

When should you gather information outside a case analysis by going to the library or using the Internet and, what should you look for?

Generate a decision tree to help expando, Expando, Inc., is considering the...

Expando, Inc., is considering the possibility of building an additional factory that would produce a new addition to its product line. The company is currently considering two opti

Provide examples of organizational situations, Give examples of organizatio...

Give examples of organizational situations that would call for transformational, transactional or charismatic leadership. I have an example of transformational, just can't quite

Identify different types of quality system, (a) Identify different types of...

(a) Identify different types of quality system/philosophy/approaches and critically discuss the relative effectiveness of the philosophy, systems and approaches (b) Evaluate the

Explain how long is each production cycle, Your company manufactures turbin...

Your company manufactures turbine blades for engines in production batches for each type. For one type of blade, the A39T, you have an annual demand of 10,000 units. It costs you $

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