Module 7 Number 73 - has 50 drivers A driver hired at the...

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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
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Unformatted text preview: 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. 73. A bus company believes that it will need the following a. Determine how to minimize the bus company’s...
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