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

The strategic management process, what is the greatest takeaway from this c...

what is the greatest takeaway from this case in terms of strategic management

Controlling subsidiaries, Controlling subsidiaries Mission stateme...

Controlling subsidiaries Mission statement, goals and objectives. Performance measurement systems e.g. financial ratios and multidimensional frameworks. Systems

Distinguishes between deliberate and emergent strategies, 1 .Characterize t...

1 .Characterize the culture of the organization in which you work. How does this culture affect the work of middle managers? Have you experienced deliberate interventions by senior

Dimensions of common national cultures, Hofstede's dimensions of common nat...

Hofstede's dimensions of common national cultures Power distance. Extent to that people accept inequality of power. Uncertainty avoidance. Tolerance for uncertainty o

CompXM, The statement of cash flows for Baldwin Company shows what happens ...

The statement of cash flows for Baldwin Company shows what happens in the Cash account during the year. It can be seen as a summary of the sources and uses of cash (sources of cash

Process to implement balanced scorecard, Q. Process to implement balanced s...

Q. Process to implement balanced scorecard? 1. A clear vision of introduction of a BSC communicated and demonstration which senior management are committed to the idea. 2. E

Banking systems fraud and technology approach, Banking Systems Fraud and Te...

Banking Systems Fraud and Technology Approach It is my intention to use the Banking Systems in Nigeria for this case study. I have observed that the process of banking operat

ReStrategic, Process design strategy define with example

Process design strategy define with example

Show the 4c''s in performance measurement, Q. Neely's 4Cs in performance me...

Q. Neely's 4Cs in performance measurement 1.  Check position e.g. where are we now? 2.  Communicate position e.g. to internal and external stakeholders. 3.  Confirm pri

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

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