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Business
Operations Management
Times Taken by Team Members for Different Sections (minutes) MARKETING FINANCE OPERATIONS HR Chris 80 120 125 140 Steve 20 115 145 160 Juana 40 100 85 45 Rebecca 65 35 25 75

Times Taken by Team Members for Different Sections (minutes) MARKETING FINANCE OPERATIONS HR Chris 80 120 125 140 Steve 20 115 145 160 Juana 40 100 85 45 Rebecca 65 35 25 75

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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Jamison Day Consul tants has been entrusted with the
task of evaluating a business plan that has been divided into four
sections- marketing, finance, operations, and human resources.
Chris, Steve, Juana, and Rebecca form the evaluation team. Each                                                             of them has expertise in a certain field and tends to finish that
section faster. The estimated times taken by each team member
for each section have been outlined in the following table. Further
information states that each of these individuals is paid $60/hour.
a) Assign each member to a different section such that Jamison
Consultants's overall cost is minimized.
b) What is the total cost of these assignments?                                            
Times Taken by Team Members for Different Sections (minutes) MARKETING FINANCE OPERATIONS HR Chris 80 120 125 140 Steve 20 115 145 160 Juana 40 100 85 45 Rebecca 65 35 25 75
Transcribed Image Text:Times Taken by Team Members for Different Sections (minutes) MARKETING FINANCE OPERATIONS HR Chris 80 120 125 140 Steve 20 115 145 160 Juana 40 100 85 45 Rebecca 65 35 25 75
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