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Business
Operations Management
A bank operates from 10 a.m. to 8 p.m. and employs both full-time and part-time workers. Full-time workers work 10 a.m. to 6 p.m., 11 a.m. to 7 p.m., or noon to 8 p.m. and are paid $160 per day. Part-time workers work either 2 p.m. to 7 p.m. or 3 p.m. to 8 p.m. and are paid $75 per day. The number of employees needed every hour is as follows. Develop a work schedule that minimizes daily labor costs. What is the optimal minimum cost? 10A-11A 5 11A-N 8 N-1P 6 1P-2P 4 2P-3P 5 3P-4P 6 4P-5P 8 5P-6P 9 6P-7P 7 7P-8P 6

A bank operates from 10 a.m. to 8 p.m. and employs both full-time and part-time workers. Full-time workers work 10 a.m. to 6 p.m., 11 a.m. to 7 p.m., or noon to 8 p.m. and are paid $160 per day. Part-time workers work either 2 p.m. to 7 p.m. or 3 p.m. to 8 p.m. and are paid $75 per day. The number of employees needed every hour is as follows. Develop a work schedule that minimizes daily labor costs. What is the optimal minimum cost? 10A-11A 5 11A-N 8 N-1P 6 1P-2P 4 2P-3P 5 3P-4P 6 4P-5P 8 5P-6P 9 6P-7P 7 7P-8P 6

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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A bank operates from 10 a.m. to 8 p.m. and employs both full-time and part-time workers. Full-time workers work 10 a.m. to 6 p.m., 11 a.m. to 7 p.m., or noon to 8 p.m. and are paid $160 per day. Part-time workers work either 2 p.m. to 7 p.m. or 3 p.m. to 8 p.m. and are paid $75 per day. The number of employees needed every hour is as follows. Develop a work schedule that minimizes daily labor costs. What is the optimal minimum cost?

10A-11A 5
11A-N 8
N-1P 6
1P-2P 4
2P-3P 5
3P-4P 6
4P-5P 8
5P-6P 9
6P-7P 7
7P-8P 6
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