A Children toy manufacturer conducts a job-training program for factory workers. Trained factory workers are used...

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A Children toy manufacturer conducts a job-training program for factory workers. Trained factory workers are used as certified trainers in the program at a ratio of one for every ten participants. The knowledge sharing program lasts for one month. From past experience it has been found that out of ten participants hired, only seven complete the program successfully (the unsuccessful employees are released). Trained factory workers are also needed for the next three are as follows: January 1000 February 1500 March 2000 In addition, the organization requires 2500 trained factory workers by April. There are 1300 trained factory workers available at the beginning of the year. Payroll costs per month are: Each Participant Each trained Trainer Each trained factory workers idle 500 Note: Union contract forbids firing trained factory workers Set up the formulation of the model using three phase approach to the given problem that will produce the minimum cost hiring and training schedule and meet the organization's requirements. $400 700 A Children toy manufacturer conducts a job-training program for factory workers. Trained factory workers are used as certified trainers in the program at a ratio of one for every ten participants. The knowledge sharing program lasts for one month. From past experience it has been found that out of ten participants hired, only seven complete the program successfully (the unsuccessful employees are released). Trained factory workers are also needed for the next three are as follows: January 1000 February 1500 March 2000 In addition, the organization requires 2500 trained factory workers by April. There are 1300 trained factory workers available at the beginning of the year. Payroll costs per month are: Each Participant Each trained Trainer Each trained factory workers idle 500 Note: Union contract forbids firing trained factory workers Set up the formulation of the model using three phase approach to the given problem that will produce the minimum cost hiring and training schedule and meet the organization's requirements. $400 700

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Phase 1 Determine the Required Number of Hires and Trained Workers Given Available trained workers a... View the full answer