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

MBA-2, What do you understand by line balancing what happens if balance doe...

What do you understand by line balancing what happens if balance doesn''t exist

What deliver the message to management, Please give a detailed explanation ...

Please give a detailed explanation for the answer for the following scenario: As the manager of a plant, you have seen production increase by 20% over the past year, but you have a

Explain cost-reimbursement contracts for the government, Find an example of...

Find an example of a project in which one of these two types was used in a real federal contract. These two types refers to contrast fixed-price and cost-reimbursement contracts fo

Explain data storage systems in hotels, Which of the following are defined ...

Which of the following are defined as core goods? Chemicals Airlines Data storage systems Hotels None of the above

Explain what are the hr maturity levels, Provide a broad description of the...

Provide a broad description of the value of understanding the strategic challenges and opportunities facing the business organization today What are the elements for Developing

Explain the market for private-label athletic footwear, Shipping charges of...

Shipping charges of $0.50 per pair on all pairs shipped to distribution centers in the same region as the production plant and $1.00 on all pairs shipped from one region to another

Explain six sigma principles to health care organizations, Type two savings...

Type two savings are the least likely to occur when applying Six Sigma principles to health care organizations

Explain individual employees and improve cooperation, How can a pay for per...

How can a pay for performance system increase motivation of individual employees and improve cooperation?

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