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 if overachievement is acceptable, If overachievement is acceptable,...

If overachievement is acceptable, the appropriate di+ variable can be dropped from the objective function.

Explain mamdouh finally sued for national origin, Mamdouh El-Hakem was empl...

Mamdouh El-Hakem was employed by BJY, Inc., for more than a year. His manager repeatedly called Mamdouh, an Arabic employee, "Manny" or "Hank", instead of his given name. His manag

Upper and lower limits, The upper and lower limits for diving ring diameter...

The upper and lower limits for diving ring diameters made by John''s Swimming are 40 and 39 cm. John took 11 samples with the following average diameters (39, 39.1, 39.2, 38.9, 39.

Find the shipping costs for company a to ship one unit, Company A has four ...

Company A has four plants locating in different cities across the region. There are three markets the company is selling its products to. Currently, each plant can only produce 500

Supply chain, #question. 1. how does a formal procurement policy affect cus...

#question. 1. how does a formal procurement policy affect customer service

Explain other type of business planning, Is Logistics planning more importa...

Is Logistics planning more important than any other type of business planning? WHY or Why not?

Explain fixed order interval system, How much gravy should be ordered using...

How much gravy should be ordered using a fixed order interval system? Order is being placed on Thursday and the fiscal week begins on Thursday and ends on Wednesday. Service level

Explain competitive advantage of southwest airlines, What might the competi...

What might the competitive advantage be for each of the following companies? a. EBay b. Southwest Airlines c. Starbucks d. Apple f. Facebook

Method study, Method Study Work methods analysis method study is a scien...

Method Study Work methods analysis method study is a scientific technique recordings and significantly examining the present method of performing a task or job operation along w

Explain what is the maximum inventory level, A company that makes kitchen f...

A company that makes kitchen faucets has found that demand for its model faucet is fairly constant at the rate of 100,000 units per year. Each model of faucet is made using the sam

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