Can lp tackle this kind of scheduling problem

Assignment Help Finance Basics
Reference no: EM131410355

The demand in all branches of banks varies during the day. The AIBC International branch in Toronto has a peak demand for domestic transactions around lunchtime. When this is translated into the number of employees needed in the branch, it gives the following pattern.

1146_978e71d0-f3b7-442f-8cf8-9a0edb284eae.png

This demand is met by a combination of normal work by full-time staff and overtime by full-time staff and part-time staff. Approximate hourly costs for these are $20, $25 and $15 respectively. The bank aims to provide at least the number of people required at minimum cost. But there are a number of constraints. These include:

· The bank does not work outside the 0900 to 1900 time slot.

· Full-time staff are available for 35 hours a week, and anything beyond this is overtime.

· Full-time staff rarely like to work more than 5 hours of overtime a week.

· All full-time staff have an hour's lunch break at an agreed time between 1100 and 1300.

· Part-time staff work between 4 and 8 hours a day without a lunch break.

· A company policy limits part-time staff to a maximum of 40% of hours worked.

Can LP tackle this kind of scheduling problem?

Reference no: EM131410355

Questions Cloud

Evaluate and calculate a companys weighted average cost : Students should understand corporate risk and be able to use the financial models learned in the class to evaluate and calculate a company's weighted average cost of capital and use the analysis to make company investment decisions.
Describe the features of other kinds of programming : Describe the features of other kinds of programming, and the kinds of problem that they tackle.
Explain how bad reputations relate to deviance : Explain how "bad reputations" relate to deviance, using the readings to sociologically "frame" your answer where appropriate
List five functions of a reservoir : 1) List five functions of a reservoir. 2) As a general rule, what is recommended reservoir volume capacity? 3) Why is it important to use a filtered breather cap on the reservoir?
Can lp tackle this kind of scheduling problem : This demand is met by a combination of normal work by full-time staff and overtime by full-time staff and part-time staff. Approximate hourly costs for these are $20, $25 and $15 respectively. The bank aims to provide at least the number of people..
Currents through the starter and the dead battery : The live battery has a voltage of 12.0 V and the dead battery in your car has a voltage of 10.0 V. What are the currents through the starter and the dead battery? (Enter your answer for Is to at least one decimal place.)
List down the system of purchasing activities : list down the system of purchasing activities.- What are the essential features of all purchase decision making problems?
Calculate the boiling point of benzene : Benzene boils at 80.1 °C. Calculate the boiling point of benzene in the (a) Farenheit scale and (b) Kelvin scale.
Examine the risk report of five different countries : Directions: Visit the website, http://www3.ambest.com/ratings/cr/crisk.aspx hosted by A.M. Best. Examine the risk report of five different countries on at least 3 different continents.

Reviews

Write a Review

Finance Basics Questions & Answers

  It is true that vertical integration involves the competitor

it is is true that Vertical integration involves the acquisition of competitors and Synergy is a common motive for mergers

  Calculate the equivalent annual cost of each alternative

Both systems entail $2 million in operating costs; both will be depreciated straight-line to a final value of zero over their useful lives; neither will have any salvage value at the end of its life. The firm's tax rate is 35%, and the discount ra..

  Explain the differencies and comparison between fitch

question 1 explain the differencies and comparison between fitch moody standard amp poors in assessing the credit

  What will be the total value of the inflows after five years

Turner Video will invest $92,500 in a project. The firm's cost of capital is 11 percent. The investment will provide the following inflows. Use Appendix A.

  How many additional shares can bob buy

Bob has $20,000 and want to buy the maximum amount of XYZ Stock's that he can. Hid margin A/C price XYZ is currently $30; the IMR is 45% & MMR is 25%. The broker charges 9% in loan's.

  An executive compensation scheme might provide a manager a

an executive compensation scheme might provide a manager a bonus of 1000 for every dollar by which the companys stock

  The first calendar quarter to consider three projects

Your company Portfolio Manager is convening a review board in the first calendar quarter to consider three projects. You have been asked to provide recommendations with respect to the capital budgeting aspects of these projects.

  Compute miller depreciation expense

Compute Miller's depreciation expense for 20X2, 20X3, and 20X4. Prepare the Fixed Asset portion of the balance sheet (for these two fixed assets) as of the end of 20X2, 20X3, and 20X4.

  A dummy variable is a continuous numerical variable

A dummy variable is a continuous numerical variable?  True or False. Explain.

  Find capm predicted expected return

If the risk free rate is 3% and the market risk premium is 5%, then the CAPM'S predicted expected return for Wyatt oil is closest to:

  Discuss npv and irr

Discuss NPV and IRR. Does the assumption concerning the reinvestment of intermediate cash inflow tend to favor NPV or IRR? In practice, which technique is preferred and why?

  What is the current stock price according to the growth

The Belgium Bike Company just paid an annual dividend of $1.12. If you expect a constant growth rate of 4% and have a reqquired rate of return of 13%, what is the current stock price according to the constant growth dividend model?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd