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

What steps must to be taken to maximize the sales-price, Identify key gaps ...

Identify key gaps in planning for the exit. Provide recommendations on the exit strategy. Is the sale the right one? What steps ought to be taken to maximize the sales-price? What

Explain how would you handle this situation, New Employee Issue You have a ...

New Employee Issue You have a new employee who is in his/her probationary period, the first 90 days of employment. The employee has missed several days of work and has been late at

Discussion questions for barriers to enterprise, Complete the Case Study Di...

Complete the Case Study Discussion Questions and Critical Thinking Questions in Case Two "Barriers to Enterprise 2.0," Stair,

Explain what leadership style dominates at novo nordisk, A wide array of le...

A wide array of leadership perspectives and theories. In order to synthesize the information, it is best to look at a real-life situation and analyze the leadership styles. Case 14

Describe professional application, "Professional Application" Please respon...

"Professional Application" Please respond to the following: • Assess your preparedness for a business leadership and management position based on what you have learned in your g

PROJECT MANAGEMENT CPM/PERT CHAT, prepare CPM/PERT chat and determine the s...

prepare CPM/PERT chat and determine the shortest time this project can be completed (using crash time )

Explain what should the pay structure look like, What should the pay struct...

What should the pay structure look like? What pay mix would you recommend? 5. How should Nathan communicate a new compensation strategy to his franchisee owners and managers? 6. Wh

Scheduling and sequencing, In what sequence would the jobs be ranked accord...

In what sequence would the jobs be ranked according to the following decision rules: (a) FCFS (b) EDD, (c) SPT, and (d) LPT? All dates are specified as manufacturing planning calen

Describe how the eoq technique helps, Explain how the EOQ technique helps e...

Explain how the EOQ technique helps explain the following: All things being equal, the production inventory quantity will be larger than the economic order quantity.

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