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XYZ Consulting is a prestigious consulting firm known for its diverse team of experts. They offer services in multiple domains, and their team members possess different expertise levels: entry level, junior, senior, and expert. The available hours for entry-level, junior, senior, and expert are 100, 150, 200 and 250 hours per month. XYZ Consulting takes on six different types of consulting jobs: A, B, C, D, E, and F. The time (in hours) it takes for each expertise level to complete each type of consulting job as well as available hours for each expertise level, the minimum number of consulting job types that must be completed per month and profit per job type are given as follows: Expertise Level/Job Type (hours) Entry-Level Junior Senior Expert A 8 6 4 3 Profit ($/job) Minimum number of jobs to complete 10 B 10 8 6 4 C D E F 11 14 16 18 10 12 14 16 8 10 12 14 6 6 7 10 1000 1200 1400 1600 1800 2000 15 5 20 5 10 Available Labor Hours 100 150 200 250 determine the optimal assignment of expertise level hours to various types of consulting jobs that maximizes the monthly total profit. You will formulate a linear programming model to determine the optimal solution using Excel Solver. XYZ Consulting is a prestigious consulting firm known for its diverse team of experts. They offer services in multiple domains, and their team members possess different expertise levels: entry level, junior, senior, and expert. The available hours for entry-level, junior, senior, and expert are 100, 150, 200 and 250 hours per month. XYZ Consulting takes on six different types of consulting jobs: A, B, C, D, E, and F. The time (in hours) it takes for each expertise level to complete each type of consulting job as well as available hours for each expertise level, the minimum number of consulting job types that must be completed per month and profit per job type are given as follows: Expertise Level/Job Type (hours) Entry-Level Junior Senior Expert A 8 6 4 3 Profit ($/job) Minimum number of jobs to complete 10 B 10 8 6 4 C D E F 11 14 16 18 10 12 14 16 8 10 12 14 6 6 7 10 1000 1200 1400 1600 1800 2000 15 5 20 5 10 Available Labor Hours 100 150 200 250 determine the optimal assignment of expertise level hours to various types of consulting jobs that maximizes the monthly total profit. You will formulate a linear programming model to determine the optimal solution using Excel Solver.
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Related Book For
Contemporary Human Resource Management Text and Cases
ISBN: 978-1292088242
5th edition
Authors: Tom Redman, Adrian Wilkinson, Tony Dundon
Posted Date:
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