Gotham City National Bank is open Monday through Friday from 9 A.M. to 5 P.M. From past

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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 a week, with one hour off each day for lunch. The bank determines when a fulltime 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) $8 per hour, which includes payment for lunch hour. The bank can also hire parttime tellers. Each part-time teller must work exactly three consecutive hours each day. A part-time teller is paid $5 per hour and receives no fringe benefits. To maintain adequate quality of service, the bank has decided that, at most, five part-time tellers can be hired. Determine how to meet the bank’s teller requirements at minimum cost.

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Practical Management Science, Revised

ISBN: 9781118373439

3rd Edition

Authors: Wayne L Winston, S. Christian Albright

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