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A bus company believes that it will need the following numbers of bus drivers during each of the next five years: 60 drivers in year 1; 70 drivers in year 2; 50 drivers in year 3; 65 drivers in year 4; 75 drivers in year 5. At the beginning of each year, the bus company must decide how many drivers to hire or fire. It costs $4000 to hire a driver and $2000 to fire a driver. A driver’s salary is $10,000 per year. At the beginning of year 1, the company has 50 drivers. A driver hired at the beginning of a year can be used to meet the current year’s requirements and is paid full salary for the current year.
Determine how to minimize the bus company’s salary, hiring, and firing costs over the next five years.
Organisational Theory, Management and Administration. The chapter by Bush (2003) 'Formal Models' (from his book 'Educational Leadership and Management') provides us with a number of formal models for thinking about organisations. Critically analyse t..
Evaluate the conflict management patterns of your work group. What are most conflicts about? Are they functional or dysfunctional? What guidelines and tactics could be used to better manage them?
The Steak and Chop Butcher Shop purchases steak from a local meatpacking house. The meat is purchased on Monday at $2.00 per pound, and the shop sells the steak for $3.00 per pound. Any steak left over at the end of the week is sold to a local zoo..
Variable cost would increase to $.60, but sales volume should jump to 50,000 units due ti a higher-quality product. Should audiocables buy the new equipment?
The advent of new technologies (the Internet, computerization, etc.) and the impact of globalization (products not only available from every country but being developed in multiple countries) has increased not just the demand for goods and services b..
Without the customer, there is no sustainable business. Why is the customer important to a business-level strategy? How do each of the five business-level strategies relate to the customer?
The annual demand for a popular item stocked by the Fair Deal Department Store is 600 units. The purchase cost per item is $20.00; and the cost of processing a purchase order is $12.00. The annual holding cost per unit of inventory is 20% of the purc..
Write a detailed report of your analytical findings and strategic issues from your analysis of the industry environment for PROCTOR & GAMBLE. Explain that this analysis focuses on the strategic elements of industry environment and concerns or opportu..
Your task is to develop and prototype a new interface design for the system’s function using Graphical User Interface. Include the same functions shown on page 361 plus possible messages during user interface such as error messages, confirmation, sta..
why are suppliers hesitant about JIT purchasing
Suppose that a manufacturer has identified the following options for obtaining a machined part. It can buy the part at $200 per unit (including materials); If demand is a constraint (meaning the manufacturer cannot sell a large quantity of the item),..
What ethical, social, and political issues arise with the use of information systems. Which of these identified issues can have the most adverse effect on an organization if not managed properly
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