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Unformatted text preview: Obviously, the programs that offer the “best” skills are the most useful. However, programs that don’t offer this subset of great skills and yet are still expensive could be classified as overpriced. We attempted to model this based on the data you provided us. However it turned out that while some programs may be classified as overpriced, it may be infeasible in the short run to have an optimal training solution without these programs. Also, two of the most demanded skills were “smoking cessation” and “performance appraisals," leading us to believe that a program without these skills could potentially be overpriced. There is a fallacy with this logic, as overall, these two skills should be relatively simpler to teach and require less training and therefore, should not be very expensive. Meanwhile, a program that contains a skill like “computer programming”...
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This note was uploaded on 01/11/2011 for the course IEOR 160 taught by Professor Hochbaum during the Spring '07 term at Berkeley.
- Spring '07
- Operations Research