Q.2. A construction contractor estimates that the size of the work force needed over the next 5weeks to be 8, 4, 7, 8 and 2 workers, respectively. Excess labor kept on the force will cost $300per worker per week, and new hiring in any week will incur a fixed cost of $400 plus $200 perworker per week. A worker engaged is to be paid a fixed wage of $2 per hour with the workinghours being 40 per week. What should be the optimum number of workers kept during eachweek?Scameu VILIT CainSd

In order to minimize the cost incurred by the contractor, the contractor must follow a level labor…

Answered: Q.2. A construction contractor…

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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Day First-Floor Rooms (2 Painters) | | Basement Rooms | (1 Painter) | 1 2 | Bedrooms (1 Painter) | 3 | | 4 5 1 1 | 6 1 7 1 1 | 1 1 1 I 8 1 I Stairs & Hall (1 Painter) Bathroom 1 (1 Painter) 1 9 | | T 1 I I 1 1 1 I 10 11 12
3
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Only Human Resource personnel within an organisation are responsible to strengthening the talent pool. Question 14 options: True False
Question 5: Suppose a brewery uses a Cobb-Douglas production function for his production. He studies the production process and finds the following. An additional machine-hour of fermentation capacity would increase output by 500 bottles per day (i.e. MPK = 500). An additional man-hour of labor would increase output by 1000 bottles per day (i.e. MPL = 1000). The price of a man-hour of labor is $50 per hour. The price of a machine-hour of fermentation capacity is $5 per hour. 3. Suppose that the price of a machine-hour of fermentation capacity rises to $25 per hour. How does this change the answer from part 1?
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Question 6 Cedric assembles computers for an electronic factory. He is paid $17.50 per hour, plus $4.90 for each computer assembled in excess of 17, in a 7.50-hour daily shift. Cedric typically assembles 8 computers per hour. a) What would typically be Cedric's daily piecework earnings? For full marks your answer(s) should be rounded to the nearest cent. Piecework earnings $ 0.00 b) What would typically be Cedric's total daily earnings? For full marks your answer(s) should be rounded to the nearest cent. Daily earnings = $ 0.00
Workforce Reduction Introduction: Workforce reduction is one of the toughest challenges for a human resources manager. In today’s marketplace, financial and growth considerations can change rapidly, affecting an organization’s potential growth or even its existence in some cases. The latter is especially true with startup companies, or new organizations that may initially grow a bit too quickly and then must retrench when the market changes. Planning for a reduction is the responsibility of the human resource manager, and if done correctly can mitigate some of the difficulty and toll taken on all concerned. Read the following scenario and respond in a minimum of 250 words Microsoft Word document concerning the following: Scenario: Your boss tells you the company is suffering losses in the market, and if some employees are not laid off in the next three months, the company may not survive. Based on your reading in Chapter 5 and Table 5.2: Discuss what options you would consider, and…
Ch.6 Q5
185. Subject :- Accounting
QUESTION 10 Job description is a systematic procedure for studying jobs. O True O False QUESTION 11 By analyzing an organization's overall strategic plan, human resources planners can forecast future human resource needs O True O False
A.3 Yellowburn University, a not-for-profit higher education organization, has the following mission statement: ‘We aim to deliver excellent tuition in state-of-the-art facilities to help develop socially responsible students and to contribute to global academic research.’ Which TWO of the following would be appropriate objectives to fit in with this mission? To deliver the best possible lessons. Each member of staff is to write two research papers for publication over the next two years. To increase car parking space at the university by 10% in the next 12 months to improve access. To get 15% of all students to receive first class honors degrees each year. To ensure 100% attendance from all students for every lecture.

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