Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 12-13 The bank is working to develop an efficient work schedule for full-time and part- time tellers. The schedule must provide for efficient operation

Problem 12-13 The bank is working to develop an efficient work schedule for full-time and part-

time tellers. The schedule must provide for efficient operation of the bank, including adequate

customer service, employee breaks, and so on. On Fridays, the bank is open from 9:00 A.M. to

7:00 P.M. The number of tellers necessary to provide adequate customer service during each

hour of operation is summarized here. Time No. of Tellers Time No. of Tellers 9:00 a.m.-10:00

a.m. 6 2:00 p.m.-3:00 p.m. 6 10:00 a.m.-11:00 a.m. 4 3:00 p.m.-4:00 p.m. 4 11:00 a.m.-Noon 8

4:00 p.m.-5:00 p.m. 7 Noon-1:00 p.m. 10 5:00 p.m.-6:00 p.m. 6 1:00 p.m.-2:00 p.m. 9 6:00 p.m.-

7:00 p.m. 6 Each full-time employee starts on the hour and works a 4-hour shift, followed by a 1-

hour break and then a 3-hour shift. Part-time employees work one 4-hour shift beginning on the

hour. Considering salary and fringe benefits, full-time employees cost the bank $15 per hour

($105 a day), and part-time employees cost the bank $8 per hour ($32 per day).

Time

No. of Tellers

Time

No. of Tellers

9:00 a.m.-10:00 a.m.

6

2:00 p.m.-3:00 p.m.

6

10:00 a.m.-11:00 a.m.

4

3:00 p.m.-4:00 p.m.

4

11:00 a.m.-Noon

8

4:00 p.m.-5:00 p.m.

7

Noon-1:00 p.m.

10

5:00 p.m.-6:00 p.m.

6

1:00 p.m.-2:00 p.m.

9

6:00 p.m.-7:00 p.m.

6

(a) Formulate an integer programming model that can be used to develop a schedule that will

satisfy customer service needs at a minimum employee cost. (Hint: Let xi = number of full-time

employees coming on duty at the beginning of hour i and yi = number of part-time employees

coming on duty at the beginning of hour i.)

(b) Solve the LP Relaxation of your model in part (a). If required, round your answers to the

nearest whole number.

(c) Solve for the optimal schedule of tellers.

(d) After reviewing the solution to part (c), the bank manager realized that some additional

requirements must be specified. Specifically, she wants to ensure that one full-time employee is

on duty at all times and that there is a staff of at least five full-time employees. Revise your

model to incorporate these additional requirements, and solve for the optimal solution. If

required, round your answers to the nearest whole number. The new optimal solution is as

follows: I have tried the answers I have found from other posts and some are correct and others

are not. Could someone please help me solve this

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Practical Financial Management

Authors: William R. Lasher

8th edition

1305637542, 978-1305887237, 1305887239, 978-1305637542

More Books

Students also viewed these Finance questions