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Nation - Wide Bus Lines is proud of the six - week driver - training program it conducts for all new Nation - wide drivers.
NationWide Bus Lines is proud of the sixweek drivertraining program it conducts for all new Nationwide drivers. The program costs Nationwide $ for instructors, equipment, and so on and is independent of the number of new drivers in the class as long as the class size remains less than or equal to The program must provide the company with approximately six new fully trained drivers per month. After completing the training program, new drivers are paid $ per month but do not work until a fulltime driver position is open. Nationwide views the $ as a holding cost necessary to maintain a supply of newly trained drivers available for immediate service. Viewing new drivers as inventory SKUs, how large should the training classes be in order to minimize NationWide's total annual training and newdriver idletime costs? How many training classes should the company hold each year? What is the total annual cost of your recommendation? Do not round intermediate calculations. Round your answer for the size of training classes to the nearest whole number, for the number of classes held each year to two decimal places, and for the total annual cost to the nearest dollar. Size of training classes drivers Number of classes held each year: classesyear Total annual cost: $
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