Module 7 HW - 73 A bus company believes that it will need...

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numbers of bus drivers during each of the next 5 years: 60 drivers in year 1; 70 drivers in year 2; 50 drivers in year 3; 65 drivers in year 4; 75 drivers in year 5. At the beginning of each year, the bus company must decide how many drivers to hire or fire. It costs $4000 to hire a driver and $2000 to fire a driver. A driver’s salary is $10,000 per year. At the beginning of year 1 the company has 50 drivers. A driver hired at the beginning of a year can be used to meet the current year’s requirements and is paid full salary for the current year. salary, hiring, and firing costs over the next 5 years. Facts to consider from problem: Year 1 2 3 4 5 Drivers required 60 70 50 65 75 Hiring Cost $4,000 Firing Cost $2,000 Annual Salary $10,000 Beginning drivers 50 Decision Variables Year 1 2 3 4 5 Drivers Hired 10 10 0 15 9.9999999997 Drivers Fired 0 0 19.999999999 0 0 Constraints Years 1 2 3 4 5 Beg # of drivers 50 60 70 50.0000000007 65.0000000002 Hired 10 10 0 15 9.9999999997 Fired 0 0 19.999999999 0 0 Actual
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This note was uploaded on 02/01/2012 for the course BUSINES BUS-660 taught by Professor Paulshriver during the Spring '11 term at Grand Canyon.

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Module 7 HW - 73 A bus company believes that it will need...

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