Calculate average waiting time, Strategic Management

Assignment Help:

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?


Related Discussions:- Calculate average waiting time

Mission statement, Craft a mission statement for agro based organization wh...

Craft a mission statement for agro based organization which makes it eligible for expansion

Delta products case instructions, Here is the "Delta Products" case for Gra...

Here is the "Delta Products" case for Graduate Operations. You need to determine the number of hours for Mike's and Nikki's plan. To do this you need to compute the number of hours

What is organizational design, 1.Middle managers are often at the center of...

1.Middle managers are often at the center of efforts to develop tactical plans to implement established strategies. How are tactical plans typically established? What challenges co

Free cash-flow valuations, Q. Free cash-flow valuations? Earnings creat...

Q. Free cash-flow valuations? Earnings create dividends for shareholders. In theory the value of a company is the value of the company's future earnings, discounted at a rate,

Case study, Akash Engineering Ltd. (AEL) had achieved sales of Rs. 3440 lak...

Akash Engineering Ltd. (AEL) had achieved sales of Rs. 3440 lakhs during the year 2004-05 against sales of Rs. 1209 lakhs previous year. The sales this year were highest ever achie

Examples of external failure cost, Q. Examples of external failure cost ...

Q. Examples of external failure cost The customer perspective can control performance by the assessment of external quality failure.  Costs incurred after the customer has rec

Explain different levels of strategy, J plc manufactures a range of cars. T...

J plc manufactures a range of cars. The company is structured on a divisional basis with each division having responsibility for a segment of the market. One of the divisions manuf

Discuss the main categories of the matrix, Question: (a) ‘Many organi...

Question: (a) ‘Many organisations are using the internet a tool for survival. Digital firms require new organisational designs and management processes'. Explain how the Por

Define global and international regional strategies, 1. What are the streng...

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

What do you mean by dividend cover, Q. What do you mean by Dividend cover? ...

Q. What do you mean by Dividend cover? Dividend cover  Dividend cover   =   Profit available to ordinary shareholders (PAT) / Annual dividend (no. of times) Or = EPS/Divi

Write Your Message!

Captcha
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