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(EOQ model) 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 training program that costs $5,000 per offering regardless of class size. Students graduate with a certificate and a $100/week pay raise. The raise is operative even if they attended the training before the new job is open and they continue with their old job (until they are reassigned to a higher-skilled position). What class size is optimal and how many classes should be offered every year? [Hint: You need not consider anybody%u2019s salary or career after they take their higher-skilled job.]
In considering employee recruitment in your own business, what do you think is the best approach to use? Why do you think that is the best approach?
1. Think of four different processes by which a bank might supply its customers with cash on demand. Answer: Examples: over-the-counter at branches, by ATM dispensers in shoppin
Question: Large retailers, in general, tend to move from a business model characterised by a fragmented network of many small-to-medium scale retail operations located in city
Happy Ten Produces sports socks. The company has fixed expenses of $80,000 and variable expenses of $0.80 per package. Each package sells for $1.60. 1. Compute the contribution mar
Identify two operations-related tasks carried out by Hard Rock Café
Explain about the dedicated cell production in modern manufacturing environment. Dedicated cell production: Traditional production has been regarding the specialisation o
Marie wrote Ray a check for landscaping her front lawn. Marie paid Ray in advance. The check was dated for five days later than the date of issuance. Ray was supposed to start land
What is your understanding of the term: Brand Equity?
Lamda Computer Products competed for and won a contract to produce tow prototype units of a new type of computer that is based on laser optics rather than on electronic binary bits
What do you understand by “line balancing”? What happens if balance doesn’t exist?
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