Gotham City National Bank is open Monday through Friday from 9 a.m. to 5 p.m. From past experience, the bank knows that it needs the numbers of tellers listed in the file P04_104.xlsx. Gotham City Bank hires two types of tellers. Full-time tellers work 9 a.m. to 5 p.m. five days per week, with one hour off each day for lunch. The bank determines when a full-time employee takes his or her lunch hour, but each teller must go between 12 p.m. and 1 p.m. or between 1 p.m. and 2 p.m. Full-time employees are paid (including fringe benefits) $15 per hour, which includes payment for lunch hour. The bank can also hire part- time tellers. Each part-time teller must work exactly four consecutive hours each day. A part-time teller is paid $9 per hour and receives no fringe benefits. To maintain adequate quality of service, the bank has decided that, at most, six part-time tellers can be hired. Determine how to meet the bank’s teller requirements at minimum cost.

BuyFind

Practical Management Science

6th Edition
WINSTON + 1 other
Publisher: Cengage,
ISBN: 9781337406659
BuyFind

Practical Management Science

6th Edition
WINSTON + 1 other
Publisher: Cengage,
ISBN: 9781337406659

Solutions

Chapter
Section
Chapter 4, Problem 104P
Textbook Problem

Gotham City National Bank is open Monday through Friday from 9 a.m. to 5 p.m. From past experience, the bank knows that it needs the numbers of tellers listed in the file P04_104.xlsx. Gotham City Bank hires two types of tellers. Full-time tellers work 9 a.m. to 5 p.m. five days per week, with one hour off each day for lunch. The bank determines when a full-time employee takes his or her lunch hour, but each teller must go between 12 p.m. and 1 p.m. or between 1 p.m. and 2 p.m. Full-time employees are paid (including fringe benefits) $15 per hour, which includes payment for lunch hour. The bank can also hire part- time tellers. Each part-time teller must work exactly four consecutive hours each day. A part-time teller is paid $9 per hour and receives no fringe benefits. To maintain adequate quality of service, the bank has decided that, at most, six part-time tellers can be hired. Determine how to meet the bank’s teller requirements at minimum cost.

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Chapter 4 Solutions

Practical Management Science
Ch. 4.3 - A small business requires different numbers of...Ch. 4.3 - A small business requires different numbers of...Ch. 4.4 - During the next four months the SureStep Company...Ch. 4.4 - During the next four months the SureStep Company...Ch. 4.4 - During the next four months the SureStep Company...Ch. 4.4 - During the next four months the SureStep Company...Ch. 4.4 - During the next four months the SureStep Company...Ch. 4.4 - During the next four months the SureStep Company...Ch. 4.4 - During the next four months the SureStep Company...Ch. 4.5 - Chandler Oil has 5000 barrels of crude oil 1 and...Ch. 4.5 - Chandler Oil has 5000 barrels of crude oil 1 and...Ch. 4.5 - Chandler Oil has 5000 barrels of crude oil 1 and...Ch. 4.5 - Chandler Oil has 5000 barrels of crude oil 1 and...Ch. 4.5 - Chandler Oil has 5000 barrels of crude oil 1 and...Ch. 4.5 - Chandler Oil has 5000 barrels of crude oil 1 and...Ch. 4.6 - Repco produces three drugs, A, B, and C, and can...Ch. 4.6 - Repco produces three drugs, A, B, and C, and can...Ch. 4.6 - Repco produces three drugs, A, B, and C, and can...Ch. 4.6 - Repco produces three drugs, A, B, and C, and can...Ch. 4.7 - At the present time, the beginning of year 1, the...Ch. 4.7 - At the present time, the beginning of year 1, the...Ch. 4.7 - At the present time, the beginning of year 1, the...Ch. 4.7 - At the present time, the beginning of year 1, the...Ch. 4.7 - James Judson is the financial manager in charge of...Ch. 4.7 - James Judson is the financial manager in charge of...Ch. 4.7 - James Judson is the financial manager in charge of...Ch. 4.7 - James Judson is the financial manager in charge of...Ch. 4.7 - At the present time, the beginning of year 1, the...Ch. 4.7 - James Judson is the financial manager in charge of...Ch. 4.7 - James Judson is the financial manager in charge of...Ch. 4.8 - Pine Valley Bank has three branches. You have been...Ch. 4.8 - The Salem Board of Education wants to evaluate the...Ch. 4.8 - You have been asked to evaluate the efficiency of...Ch. 4.8 - You have been commissioned by Indiana University...Ch. 4 - A bus company believes that it will need the...Ch. 4 - During each four-hour period, the Smalltown police...Ch. 4 - Shoemakers of America forecasts the following...Ch. 4 - NewAge Pharmaceuticals produces the drug NasaMist...Ch. 4 - You have decided to enter the candy business. You...Ch. 4 - Sunblessed Juice Company sells bags of oranges and...Ch. 4 - A bank is attempting to determine where its assets...Ch. 4 - Young MBA Erica Cudahy can invest up to 20,000 in...Ch. 4 - A fertilizer company blends silicon and nitrogen...Ch. 4 - A chemical manufacturer uses chemicals 1 and 2 to...Ch. 4 - Hilands Appliances stocks laptops, TVs,...Ch. 4 - Many Wall Street firms use LP models to select a...Ch. 4 - A coal company produces coal at three mines and...Ch. 4 - A furniture company manufactures tables and...Ch. 4 - A chemical company produces three products, A, B,...Ch. 4 - Abotte Products produces three products, A, B, and...Ch. 4 - An investor has 100,000 to invest right now (the...Ch. 4 - At the beginning of year 1, you have 100,000....Ch. 4 - You now have 10,000, and the following investment...Ch. 4 - An oil company processes oil into aviation fuel...Ch. 4 - All steel manufactured by Allied Steel must meet...Ch. 4 - United Steel manufactures two types of steel at...Ch. 4 - Based on Heady and Egbert (1964). Walnut Orchard...Ch. 4 - Candy Kane Cosmetics (CKC) produces Leslie...Ch. 4 - Federated Oil has refineries in Los Angeles and...Ch. 4 - A feed company produces two types of cattle feed,...Ch. 4 - Carrington Oil produces gas 1 and gas 2 from two...Ch. 4 - Based on Thomas (1971). A toy company produces...Ch. 4 - A company produces two products: A and B. Product...Ch. 4 - A bank needs exactly two employees working each...Ch. 4 - Based on Gaballa and Pearce (1979). Northwest...Ch. 4 - A rock company uses five types of rocks to fill...Ch. 4 - An automobile manufacturer needs to plan its...Ch. 4 - An oil company produces gasoline from five inputs....Ch. 4 - The HiTech company produces Blu-Ray disc players....Ch. 4 - During the next two months an automobile...Ch. 4 - You want to take out a 450,000 loan on a 20-year...Ch. 4 - A graduated payment mortgage (GPM) enables the...Ch. 4 - Suppose you are planning for retirement. At the...Ch. 4 - Based on Brams and Taylor (2000). Suppose that Eli...Ch. 4 - AdminaStar processes Medicare claims. At the...Ch. 4 - All steel manufactured by Allied Steel must meet...Ch. 4 - During the next four quarters, Dorian Auto must...Ch. 4 - The Internal Revenue Service (IRS) has determined...Ch. 4 - You own a wheat warehouse with a capacity of...Ch. 4 - You can calculate the risk index of an investment...Ch. 4 - Based on Magoulas and Marinos-Kouris (1988). An...Ch. 4 - Capsule Drugs manufactures two drugs. The drugs...Ch. 4 - Molecular Products produces three chemicals: B, C,...Ch. 4 - Bexter Labs produces three products: A, B, and C....Ch. 4 - Mondo Motorcycles is determining its production...Ch. 4 - An automobile manufacturing company has a 500,000...Ch. 4 - Broker Sonya Wong is currently trying to maximize...Ch. 4 - Budget Auto produces inexpensive cars. Each car is...Ch. 4 - The ZapCon Company is considering investing in...Ch. 4 - You are a CFA (chartered financial analyst). An...Ch. 4 - Aluminaca produces 100-foot-long, 200-foot-long,...Ch. 4 - Each day, Eastinghouse produces capacitors during...Ch. 4 - During the next three months, a heating and...Ch. 4 - Gotham City National Bank is open Monday through...Ch. 4 - Based on Rothstein (1973). The Springfield City...Ch. 4 - Based on Charnes and Cooper (1955). Alex Cornby...Ch. 4 - City 1 produces 500 tons of waste per day, and...Ch. 4 - Based on Smith (1965). Silicon Valley Corporation...Ch. 4 - The Fresh Turkey Company produces two types of...Ch. 4 - The production line employees at Grummins Engine...Ch. 4 - Based on Lanzenauer et al. (1987). To process...Ch. 4 - Based on Robichek et al. (1965). The Korvair...Ch. 4 - Mackk Engine produces diesel trucks. New...Ch. 4 - Each hour from 10 A.M. to 7 P.M., Bank One...Ch. 4 - Owens-Wheat uses two production lines to produce...Ch. 4 - Rylon Corporation manufactures Brute cologne and...Ch. 4 - Sunco Oil has three different processes that can...Ch. 4 - Flexco produces six products in the following...Ch. 4 - Each week, Chemco can purchase unlimited...Ch. 4 - Bexter Labs produces three products: A, B, and C....Ch. 4 - Based on Franklin and Koenigsberg (1973). The city...Ch. 4 - Based on Carino and Lenoir (1988). Brady...Ch. 4 - Based on Dobson and Kalish (1988). Chandler...Ch. 4 - Based on Robichek et al. (1965). At the beginning...Ch. 4 - During each six-hour period of the day, the...Ch. 4 - Based on Glassey and Gupta (1978). A paper...Ch. 4 - Three bonds, as listed in the file P04_127.xlsx,...Ch. 4 - You have been assigned to develop a model that can...Ch. 4 - You have been assigned to develop a model that can...Ch. 4 - Keefer Paper produces recycled paper from paper...Ch. 4 - In this chapter, we give you the cost of producing...Ch. 4 - Discuss how the aggregate planning model could be...Ch. 4 - A large CPA firm currently has 100 junior staff...Ch. 4 - The employee scheduling model in this chapter was...Ch. 4 - Explain why it is problematic to include a...

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