Question
Initial workforce: 30 workers, Initial inventory: 100,000 gallons, Production quantity per worker: 10,000 gallons/month on regular time, Wage is paid $3,000/month/worker, Hiring cost: $2,000/worker, Layoff
Initial workforce: 30 workers, Initial inventory: 100,000 gallons, Production quantity per worker: 10,000 gallons/month on regular time, Wage is paid $3,000/month/worker, Hiring cost: $2,000/worker, Layoff cost: $4,000/worker, Production cost: $ 2/gallon, Inventory holding cost: $ 0.1/gallon
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Econometric Analysis
Authors: William H. Greene
7th edition
131395386, 131395381, 978-0131395381
