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 what are the advantages and disadvantages of each, Would you rather...

Would you rather work for a supervisor high in need for achievement, affiliation, or power? Why? What are the advantages and disadvantages of each? Explain

Explain keeping your personal customer data the cloud, Some companies run t...

Some companies run their entire business by offering cloud services called Software as a Service (SaaS). There are several advantages for companies and individuals to use SaaS. But

Construct the control chart, Telephone inquiries of 100 cell phone company ...

Telephone inquiries of 100 cell phone company customers are monitored daily at random.  Incidents of incorrect information or other nonconformities (such as rudeness to customers)

Factors for plant location choice - availability of services, Factors for p...

Factors for plant Location choice - Availability of Services There are six main  services which  need to be  considered: Gas Electricity Water Drainag

Define how you would decide the number of seats, During busy periods, a new...

During busy periods, a new customer walks into LHS every 15 mins. (with a standard deviation of 15 mins). At SHC, a customer walks in every hour (with a standard deviation of 1 hou

Define measuring the input of the employee, Define measuring the input of t...

Define measuring the input of the employee. Measuring the input of the employee is not a purpose of Performance appraisal in modern management.

Calculating idle time and itilization, How do I calculate idle time and uti...

How do I calculate idle time and utilization in a two=stage processing problem?

Management and operations, a. Describe who will be the CEO and his/her qual...

a. Describe who will be the CEO and his/her qualifications/experiences in the product/service industry, including both education and work and other relevant experiences. b. Desc

Explain competitive strategy relate to value chain structure, How does comp...

How does competitive strategy relate to value chain structure?

Assignment 2000 words, Assignment EITHER A. Practical application of concep...

Assignment EITHER A. Practical application of concepts in a local organisation • You are required to analyse and evaluate a key aspect of operations management covered in this subj

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