Question: Formulate this same linear programming problem on a spreadsheet and SOLVE using Excel Solver ( Provide the corresponding Excel Spreadsheet and the Answer Report )

Formulate this same linear programming problem on a spreadsheet and SOLVE using Excel
Solver (Provide the corresponding Excel Spreadsheet and the Answer Report). Include
managerial statements that communicate the results of the analyses. (i.e., describe
verbally/narratively the results). N.B.: it is OK to have decimal solutions Power Generation Inc. has just announced the November 1,2023 expansion of the R.H. Saunders
Generating Station in the Ottawa/St. Lawrence area. Its personnel department has been directed to
determine how many technicians need to be hired and trained for the November - February period. The
station currently employs 250 fully trained technicians and projects the following personnel needs:
By Ontario regulations, a technician can actually work no more than 130 hours per month. Negotiated
policy at Power Generation Inc. also dictates that layoffs are not acceptable in the months when the
station is overstaffed. So, if more trained employees are available than are needed in any month, each
worker is still fully paid, even though the trainee is not required to work the 130 hours. Training new
employees is an important and costly procedure. It takes one month of one-on-one classroom instruction
before a new technician is permitted to work alone in the facility. Therefore, Power Generation Inc. must
hire trainees one month before they are actually needed. Each trainee teams up with a skilled technician
and requires 70 hours of that employee's time, meaning that 70 hours less of the technician's time are
available that month for actual work. Personnel department records indicate a turnover rate of trained
technicians at 6% per month. In other words, about 6% of the skilled employees at the start of any month
resign by the end of that month. A trained technician earns an average monthly salary of $5,000
(regardless of the number of hours worked, as noted earlier). Trainees are paid $3,000 during their one
month of instruction. Power Generation Inc. wants to find the best staffing schedule for the four-month
period while minimizing the total labour cost incurred.
 Formulate this same linear programming problem on a spreadsheet and SOLVE

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!