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
(1.) Infosys follows a global delivery model that enables the company to maintain standards. The vertical differentiation strategy did help the company to gain control over the ope

Q. Explain Performance ratios - Return on capital employed? Return on capital employed (ROCE)    = (Profit before interest and tax (PBIT) / Capital employed) x 100%     The

A) Producing new and better products or services B) Substitution of require by a related product or service C) Displacing consumer spending into latest unrelated products and


a) develop a schedule for executing a strategy plan in an organization. b) Make appropriate dissemination process to gain commitment from stakeholders in an organization. c) Desi

1. What are the strengths and weaknesses of the mission statement? Which of these statements are effective guides to decision-making within an organization? Which, if any, of th

A technique employed to help with deciding which software package to select.

# 14 Strategy formulation presupposes a set of goals and objectives. Why aren''t goals and objectives obvious? What characteristics of people and organizations can make setting goa

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

Question: (a) To prepare a successful quality based strategy requires an effective leadership. Explain briefly the requirements of effective leadership in this context.