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 significant differences between x.25 and frame relay, Name two sign...

Name two significant differences between X.25 and frame relay?

OR, Explain OR Models

Explain OR Models

Explain technology intensive should you make it, When you're creating a onl...

When you're creating a online site, how busy, technology intensive should you make it

Analyze the relationship between analysis and planning, Analyze the relatio...

Analyze the relationship between analysis, planning, implementation, and control. Provide an example of a product or service that flows through the relationship. Break down this pr

Explain what is a decision, In your readings you were shown sources where d...

In your readings you were shown sources where decision tools can be found. Please refer to the "What is a Decision?" lecture and select "Click to Explore." In the list provided, yo

Calculate the expected value of perfect information, A small building contr...

A small building contractor has recently experienced two successive years in which work opportunities exceeded the firm's capacity. The contractor must now make a decision on capac

Explain what the term data redundancy means, Describe what the term "data r...

Describe what the term "data redundancy" means in database design. Explain if it is bad and if a normalized database design is always the best design. Discuss the pros and cons of

Explain how can efficiency of purchasing processes, How can efficiency of p...

How can efficiency of purchasing processes be improved?

Mean value - statistical aspects of variability, Mean value - Statistical A...

Mean value - Statistical Aspects of Variability The arithmetical mean value (µ, mu) of the measurements can be readily calculated, as follows. Let the class mid- point values

Aishat, A company has the following forecast demand for the next five month...

A company has the following forecast demand for the next five months: 1,600, 2,400, 3,200, 2,800, and 2,400. The following information is also available. current

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