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A supermarket determined the number of cashiers needed for the next 7 months as: month 1 2 3 4 5 6 7 Cashiers 5 3 2 6 9 8 10 The supermarket wants to employ full-time employees as cashiers. Wages are $2500 per cashier per month. Hiring cost is $500 per cashier and firing cost is $1000 per cashier. A cashier can work overtime up to 25% of the regular time. The overtime pay is %150 of the regular wages. The supermarket has just fired all cashiers.
a. Determine the total cost of the chase strategy
b. Determine the total cost of the level strategy
c. Use a mixed-strategy to lower the total cost.
Describe an agency relationship and how it may/will take shape for your small company. As the sole employee and investor in your startup, what agency conflicts might arise?
Barnes & Noble has been in the business news lately. Performance has been poor as the company struggles with a high-cost business model. In July of 2015, they named a new CEO.
What are the operations and functions in your company or one you know that are dependent on forecasting for product and/or service demand? Are there ones that forecasting is n
Explain the "hierarchy of managers." Explain the roles of each of the three levels. What are the common characteristics of all companies? Can a manager have operation responsi
Which of the following is NOT part of the minimum requirements for listening? a. try to anticipate what the customer needs as you listen b. hold your fire c. work at listening
According to Leonard (2008) being given a position of leadership and authority does not necessarily make a person a leader, especially one that employees will follow. Do you a
Compute the EOQ recommended lot size using equation (10.5). What two observations can you make about the relationship between the EOQ model and the production lot size model
As part of a study for the Department of Labor Statistics, you are assigned the task of evaluating the improvement in productivity of small businesses. Then determine the pe
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