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5 . Calculate Z ( m * ) and Z ( m * ) . 6 . What is the optimum time interval between successive

5. Calculate Z(m*) and Z(m*).
6. What is the optimum time interval between successive batches of trainees? How many trainees should be in a batch?
=7. The parameters of this model are likely to change over time; it is essential that such changes be incorporated into the model as they change. One way to anticipate this is to create a spreadsheet that gives the manager the total cost of training a batch of trainees for various scenarios. Using the data from Exercise 3 as a starting point, create a spreadsheet that varies these numbers and calculates the total cost of training a group of employees for each scenario. Graph the total cost of training with respect to changes in the various costs associated with training.

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