Provide the solution for the following open ended problem. Assume you are CEO of a well-known company. You need to create a salary management system for the company in order to check the amount spent on salaries of your employees. Let there be 3 types of employees in the company i.e. Developers, Marketing Teams and Human Resource Your company gives salary on the basis of experience of the employee. Initial salary for the Developers is $800, for the Marketing Team is $700 and for Human Resource is $600. Your program should ask the employee to enter the year of experience in the company, if the experience is more than 2 years an increment of $50 is given. The Salary mentioned above is monthly. Annually two bonuses are given to the employee, Bonus is 10% for the Developers, 86 for the Marketing Team and 6% for Human Resource. Your Program should initially display a menu from which the employee chooses his/her department. Depending on the Department chosen the salary/bonuses are given. Create Function that calculates the monthly salary for each department. Create another function that calculates the annual salary for each department and one for calculating the overail amount spent on salaries. Given below in the pic is the example to understand the Scenario:-

Operations Research : Applications and Algorithms

4th Edition

ISBN:9780534380588

Author:Wayne L. Winston

Publisher:Wayne L. Winston

Chapter4: The Simplex Algorithm And Goal Programming

Section4.16: Multiattribute Decision Making In The Absence Of Uncertainty: Goal Programming

Problem 8P

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Question #01:

Provide the solution for the following open ended problem. Assume you are CEO of a well-known

company. You need to create a salary management system for the company in order to check the

amount spent on salaries of your employees.

Let there be 3 types of employees in the company i.e. Developers, Marketing Teams and Human

Resource

Your company gives salary on the basis of experience of the employee. Initial salary for the Developers is

$800, for the Marketing Team is $700 and for Human Resource is $600. Your program should ask the

employee to enter the year of experience in the company, if the experience is more than 2 years an

increment of $50 is given. The Salary mentioned above is monthly.

Annually two bonuses are given to the employee, Bonus is 10% for the Developers, 86 for the Marketing

Team and 6% for Human Resource.

Your Program should initially display a menu from which the employee chooses his/her department.

Depending on the Department chosen the salary/bonuses are given.

Create Function that calculates the monthly salary for each department. Create another function that

calculates the annual salary for each department and one for calculating the overail amount spent on

salaries.

Given below in the pic is the example to understand the Scenario:-

Department Totat a of
of employee
employees experience > 2
Monthly salary
expenses of
years from total employees having
Monthly salary
expenses of
employees having
Annual Bounces per
employee
Total
monthly
salary
employees
experience less
experience greater
екрenses
than 2
than 2
NI (10-4) (S700) NI1 =4*(S700) •50S T1 = N1+N11 81 = 10% IS700))*2
N2 = (12-5)"(S600) N12 = 4*(S600) •50S 12 = N2+N22 82 = 8X"(S70011 2
N3 = (B-0)"ISS00|
IT
10
Marketing
12
N13 - 4'IS500) +50OS
13 = N3+N33 B3 = 6%*($700))"2
HR
Total Annual
Annual salary
Bounce
expenses
B11 = B1*10
B22 = B2 12
B33 = B3*8
A1 = B11+T1
A2 = 622 T2
A3 = 633+T3
Total annual salary expenses = A1+A2+A3

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