Question: Please answer the answer sheet questions (1-4) LNQ Inc. has a packaging plant located in northern Virginia. Demand for packaging varies from month to month,

Please answer the answer sheet questions (1-4)Please answer the answer sheet questions (1-4)

Please answer the answer sheet questions (1-4)

LNQ Inc. has a packaging plant located in northern Virginia. Demand for packaging varies from month to month, making workforce scheduling a challenging task. Consequently, LNQ wants to start hiring employees from Instant Workers, Inc., which can provide temporary workers under three different contract options that differ in length of employment and cost: Option Length of Employment Cost per Employee Contract 1 Two months $4,600 Contract 2 Three months $7,300 Contract 3 Four months 59,300. The longer contract periods are more expensive as Instant Workers has greater difficulty finding temporary employees who are willing to commit to lenghthier work assignments. Over the first eight months of next year, LNQ has estimated the following needs for workers: Month Minimum Num. Workers Required January February March April May June July August 12 17 20 10 25 19 14 11 Each month, LNQ can hire as many temporary workers as needed under each of the contract options. Because of some merger negotiations underway, LNQ does not want to commit to any contractual obligations for temporary workers that extend beyond August. LNQ's quality control program requires each temporary worker to receive training at the time of hire. The training program is required even if the person worked for the company in the past. LNQ estimates that the cost of training is $850 per worker hired, independently of the length of the contract. Answer Sheet and temporary workers for the months of 1. The optimal plan is to hire a total of January through August, respectively, for a total cost of $ 2. The optimal hiring plan will result in costs of training for contracts and 8 for 3. The constraint on temporary employee requirements in June is (bindingonbinding) because It has a shadow price of $ right-hand-side range of and a 4. If the number of temporary workers required in June increases to 15, then the optimal hiring plan (changes/stays the same), and the total cost (increases/decreases/stays the same)

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!