Calculate average waiting time, Strategic Management

Nation -Wide Bus Lines (NWBS) conducts training classes for new drivers. The classroom can hold 35 students. As long as the class size is less than or equal to 35, the training program costs $22,000 per class. Ignore the time consumed in training.

After completing the training program, drivers are paid $1,600 per month stipend until a full-time driver position is open. After trained driver begins the job, the driver is paid aregular salary of $4,000 per month. The NWBS needs 5 new drivers per month.

Goal isto minimize the total cost(training cost + stipend).

a. How large should the training classes be?

b. How many training classes should the company hold each year?

c. What is average waiting time for a trained driver?

Posted Date: 2/18/2013 6:13:12 AM | Location : United States

Related Discussions:- Calculate average waiting time, Assignment Help, Ask Question on Calculate average waiting time, Get Answer, Expert's Help, Calculate average waiting time Discussions

Write discussion on Calculate average waiting time
Your posts are moderated
Related Questions
VRC is a family owned business which has been manufacturing racing cycles for over a century. Over the years, the company has been relatively successful, although its growth has te

Q. illustrate about Return on capital employed? Return on capital employed (ROCE)       =    (Profit before interest and tax (PBIT) / Capital employed) x 100%       RO

Excel is often used to perform "what-if" analyses. In these, a model that depends on a number of variables is constructed, and the outcomes predicted by the model are determined fo

Central banks had been supplying short-term funding to smooth needed adjustments in the banking sector, but that alone could not stem bank losses. So what had been addressed as a l

Q. Show the Demerits of using return on investment? The following disadvantages maybe experienced when choosing to use ROI as a primary performance measure. -  An accounting

a) Use appropriate tools to examine the  affects of present business plans. b) Review the position of an organization in its present market. c) Measure the competitive strengths

The following table shows present trips between three zones and the predicted total trips in 10 years. Distribute the predicted trips using the average factor method. Stop with two

What Makes a Strategy a Winner? 1.   Three questions are used to examine the merits of one strategy versus other & distinguish a winning strategy from a losing or mediocre str

A supplier of components to an electronic industry makes a sophisticated product which sometimes fails immediately it is used. He controls his manufacturing process so that the pro