Consider Figure 4.22 from the Hong Kong Bank labor-planning example presented in Solved Problem 41. What would
Question:
Consider Figure 4.22 from the Hong Kong Bank labor-planning example presented in Solved Problem 4–1. What would be the impact on daily cost if corporate policy changed to allow the part-time hours to increase to a maximum of 75% of the day’s total requirement (instead of just 50%)?
Figure 4.22
Transcribed Image Text:
Reduced cost of zero indicates that a solution that uses part-time tellers at 9 A.M. exists, with no change in the optimal objective value. Microsoft Excel 14.0 Sensitivity Report Worksheet: [Figure 4.21.xlsx]Hong Kong Bank Variable Cells Name SBS5 Number of tellers FT tellers SCS5 Number of tellers PT @9am SDS5 Number of tellers PT @10am SES5 Number of tellers PT @11am SFS5 Number of tellers PT @Noon SGS5 Number of tellers PT @1pm Final Reduced Objective Allowable Allowable Value 10.00 0.00 7.00 2.00 Cofficient Increase Decrease 0.00 0.00 0.00 0.00 Cll Cost 48.00 0.00 90.00 1E+30 48.00 0.00 60.00 0.00 48.00 28.00 28.00 28.00 45.00 0.00 60.00 These zeros indicate that there are alternate optimal solutions. 5.00 0.00 28.00 0.00 0.00 28.00 0.00 Constraints Final Shadow Constraint Allowable Allowable Name Cell SHS8 9am-10am needs SHS9 10am-11am needs SHS10 11am-Noon needs SHS11 Noon-1pm needs SHS 12 1pm-2pm needs SHS 13 2pm-3pm needs SHS 14 3pm-4pm needs SHS 15 4pm-5pm needs SHS 16 Max full time SHS 17 Part-time limit R.H. Side Increase Decrease 6.00 5.00 0.00 3.00 6.00 Value 10.00 17.00 Price 0.00 0.00 1E+30 3.00 10.00 0.00 12.00 60.00 0.00 14.00 14.00 19.00 24.00 17.00 0.00 0.00 60.00 16.00 18.00 17.00 15.00 10.00 1E+30 1E+30 2.00 5.00 3.00 0.00 15.00 10.00 10.00 56.00 0.00 3.00 0.00 0 00 -8.00 1E+30 60.00 12.00 2.00 56.00 0.00
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
The table below provides information on the current maximum number of empl...View the full answer
Answered By
Maurat Ivan
I have been working in the education and tutoring field for the past five years, and have gained a wealth of experience and knowledge in this area. I have a bachelor's degree in education, and have completed additional coursework in teaching and tutoring.
In my previous roles, I have worked as a teacher in both private and public schools, teaching a variety of subjects including math, science, and English. I have also worked as a private tutor, providing one-on-one tutoring to students in need of additional support and guidance.
In my current role, I work as an online tutor, providing virtual tutoring services to students around the world. I have experience using a variety of online tutoring platforms and technologies, and am comfortable working with students of all ages and skill levels.
I am passionate about helping students succeed and reach their full potential, and I believe that my education and tutoring experience make me an excellent candidate for a tutoring job at SolutionInn. I am confident that my knowledge, skills, and experience will enable me to provide top-quality tutoring services to students on the SolutionInn platform.
0.00
0 Reviews
10+ Question Solved
Related Book For
Managerial Decision Modeling Business Analytics With Spreadsheet
ISBN: 9781501515101
4th Edition
Authors: Nagraj Balakrishnan, Barry Render, Ralph Stair, Charles Munson
Question Posted:
Students also viewed these Business questions
-
Consider Figure 4.22 from the Hong Kong Bank labor planning example presented in Solved Problem 41. Suppose that every day between 11:00 a.m. and noon, two tellers worth of demand comes from...
-
If fixed costs increase, what would be the impact on the (a) Contribution margin ? (b) Income from operations?
-
If fixed costs increase, what would be the impact on the (a) Contribution margin ? (b) Income from operations? Discuss.
-
Find the direction cosines and angles of, and demonstrate that the sum of the squares of the direction cosines is 1. u = 5i + 3j - k
-
The equilibrium constant Kc for the equation at 900oC is 27.8. What is the value of Kc for the following equation? CS2(g) 4H2(g) CH4(g) 2H2S(g) ICH4(g) + H2S(g) CS2(g) + 2H2(g)
-
Describe the statement of activities for an ONPO. How does it compare with a VHWOs statement of activities?
-
Explain the decision process you followed in making an important decision in the past which has now taken effect (e.g., the choice of a course of study and the university to attend; the choice of...
-
International Steel Company has budgeted manufacturing overhead costs of $2.5 million. It has allocated over- head on a plant-wide basis to its two products (Standard Steel and Deluxe Steel) using...
-
88 D 111 What is the measure of AU? U O 44 .50 O 64 O 92 A
-
1. What are the issues in this case? In what order should Andy Chin and Adeline Koh address them? 2. Should Koh approve the packaging machine investment? How did you analyze this issue? In July 2001,...
-
Create a template in Excel, including all of the appropriate Solver settings, that would accommodate a standard transportation problem with 5 origins and 4 destinations.
-
Consider the Flair Furniture example from Sections 4.2 and 4.3. Suppose that the company is considering the option of making stools in addition to its tables and chairs. Stools take 1 hour of...
-
The partnership of Michelle, Amal, and Maureen has done well. The three partners have shared profits and losses in a 1:3 ratio, with capital balances of $60,000 each. Maureen wants to retire and...
-
The following questions relate to the auditor's responsibility with respect to litigation, claims, and assessments. Select the best response. a. When auditing contingent liabilities, which of the...
-
Identify and describe the principles of internal control.
-
Define internal control. What are the two main objectives of internal control?
-
Explain how financial data is transformed into financial statements.
-
The following questions relate to the auditor's responsibility when associated with comparative financial statements. Select the best response. a When financial statements of a prior period are...
-
Sharp Ltd (SL) began operations in 2011, manufacturing flutes. In the first 4 years of operations, they were taxable however in their fifth year of operation (2015), they had a loss due to...
-
How can a promoter avoid personal liability for pre-incorporation contracts?
-
Compute the charitable contribution deduction (ignoring the percentage limitation) for each of the following C corporations. a. Amber Corporation donated inventory of clothing (basis of $24,000, fair...
-
Art, an executive with Azure Corporation, plans to start a part-time business selling products on the Internet. He will devote about 15 hours each week to running the business. Arts salary from Azure...
-
Compute the income tax liability for each of the following unrelated C corporations. a. Darter Corporation has taxable income of $68,000. b. Owl Corporation has taxable income of $10,800,000. c....
-
Here is financial information for Sandhill Inc. December 31, 2022 December 31, 2021 Current assets $124,600 $100,000 Plant assets (net) 394,800 329,000 Current liabilities 120,572 73,000 Long-term...
-
Jones Distributing Company uses the perpetual inventory system and engaged in the following transactions during December of the current year: (Click the icon to view the transactions.) Required 1....
-
5. Given the following cost expenditures (see Table P6.3) for a small bridge job to include direct and indirect charges (but not bank interest): A. Calculate the peak financial requirement. B. Sketch...
Study smarter with the SolutionInn App