Jerry Wei, the hospital administrator at St. Charles General, must appoint head nurses to four newly established departments: urology, cardiology, orthopedics, and obstetrics. In anticipation of this staffing problem, he had hired four nurses, considered their backgrounds,personalities, and talents, and developed a cost scale ranging from 0 to 100 to be used in the assignment. A 0 for a nurse being assigned to the cardiology unit implies that the nurse would be perfectly suited to that task. A value close to 100, on the other hand, would imply thathe or she is not at all suited to head that unit. The accompanying table gives the complete set of cost figures that the hospital administrator feels represented all possible assignments. Which nurse should be assigned to which unit?DepartmentUrology Cardiology Orthopedics281815324823513624253855Determine the assignment of nurses.The total cost is (enter your response as a whole number).NurseKitty FormanCarol HathawayJack McFarlandMargaret HoulihanNurseFormanHathaway →>>McFarlandHoulihan↑DepartmentObstetrics75383612

In the question, we observe that a cost table is given for each nurse in each department. It is also…

Answered: Jeny Wei, the hospital administrator at…

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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Emerson Electric is considering the purchase of equipment that will allow the company to manufacture a new line of wireless devices for home appliance control. The first cost will be $80,000 and the life estimated is 6 years with a salvage value of $10,000. Three different salespeople have provided estimates regarding the added revenue the equipment will generate. Salespersons 1,2, and 3 have made estimates of $10,000 , $16,000 , and $18,000 per year respectively if the Companys MARR is 8% per year find the PW of each salespersons estimates.
Casper Geriatric Center, a senior medical facility located in a large hospital in New Zealand, started a procedure where their guests receive their meals in their rooms while the food is still as hot as possible. The facility will continue to prepare the food in the commissary, but will now deliver it in bulk (not individual servings) to one of three new meal serving stations in the building. From there, the food will be reheated, meals will be placed on individual trays, loaded onto a cart, and distributed to the various floors and sections of the facility. The three new serving stations are as efficiently located as possible to reach the various hallways in the facility. The purpose of the new procedure is to increase the temperature of the hot meals that the guest receives. Therefore, the amount of time needed to deliver a tray from a serving station will determine the proper distribution of food from serving station to section. The table below summarizes the time associated with…
Kathy receives her real estate license. Within a month of receiving her license, she gets a new job offer she can't refuse. She decides to continue to hold her license but not practice, do any real estate work, or collect any referrals at this time. She is willing to renew her license, do her continuing education, and pay the renewal fee for her license. What should Kathy do? ○ Opt not, renew her license or complete the educational requirements ○ Seek a voluntary inactive license. Seek an involuntary inactive license. Seek a broker who will not be upset if she does not work too hard.
Quorex is evaluating two mutually exclusive projects. Project A has a net investment of $50,000 and net cash flows over a six-year period of $13,000 per year (NOTE: that project requires a reinvestment with the same cost and cash flow for another six years). Project B has a net investment of $48,500, but its net cash flows of $8,740 per year will occur over a 12-year period. If Quorex has a cost of capital of 14% for these projects, which project, if either, should be chosen, and what is its NPV?
An interval estimate is typically preferred to a point estimate because
Use the following for the next 2 questions: A company forecasts that it will ship 120,000 boxes of product in June. The product has a monthly turnover of 3. The company plans to use its facility to ship 80,000 boxes and the balance of the 40,000 boxes will ship from a rented facility. Space may be rented for a charge of $7 per box per month with an in-and-out handling charge of $0.45 per box shipped. 1. What is the rented (fixed) storage cost for June? - $280,000 - $180,000 - $42,500 - $250,000 - $93,333 - $153,333 - $173,333 2. What is the rented variable cost for June? - $33,333 - $43,333 - $6,000 - $38,000 - $18,000 - $28,000 - $23,333
b. The Healthy Food Restaurant, a 24-hour restaurant, faces changing requirements from hour tohour. More workers are needed for peak hours, and fewer are needed in between. The followingTable 6 (below) shows the worker requirement for the first 12 hours in the restaurant:Table 6. Staff Requirement at the Healthy Food RestaurantTime Period 10AM11AM12PM1PM2PM3PM4PM5PM6PM7PM8PM9PMRequirement 8 10 12 12 9 7 6 7 9 10 12 8AssignedOn DutyOverstaffed8(i) You are required to apply the first-hour principle to staff each hour with the required number ofcafeteria staff, showing how many staff are on duty each given hour, the number of staffyou have assigned to work each hour and any overstaffing for each hour. i. Schedule the staff to work in 8-hour shifts.
Casper Geriatric Center, a senior medical facility located in a large hospital in New Zealand, started a procedure where their guests receive their meals in their rooms while the food is still as hot as possible. The facility will continue to prepare the food in the commissary, but will now deliver it in bulk (not individual servings) to one of three new meal serving stations in the building. From there, the food will be reheated, meals will be placed on individual trays, loaded onto a cart, and distributed to the various floors and sections of the facility. The three new serving stations are as efficiently located as possible to reach the various hallways in the facility. The purpose of the new procedure is to increase the temperature of the hot meals that the guest receives. Therefore, the amount of time needed to deliver a tray from a serving station will determine the proper distribution of food from serving station to section. The table below summarizes the time associated with…
A manager must decide which type of machine to buy, A, B, or C. Machine costs (per individual machine) are as follows: Machine Cost A $ 60,000 B $ 50,000 C $ 60,000 Product forecasts and processing times on the machines are as follows: PROCCESSING TIME PER UNIT (minutes) Product AnnualDemand A B C 1 16,000 3 4 4 2 10,000 6 5 1 3 15,000 1 3 6 4 17,000 5 3 4 Click here for the Excel Data File a. Assume that only purchasing costs are being considered. Compute the total processing time required for each machine type to meet demand, how many of each machine type would be needed, and the resulting total purchasing cost for each machine type. The machines will operate 10 hours a day, 240 days a year. (Enter total processing times as whole numbers. Round up machine quantities to the next higher whole number. Compute total purchasing costs using these rounded machine quantities. Enter the resulting total purchasing cost as a whole…

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