Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

BUSN603

21/10/2020 Client: accounting123 Deadline: 24 Hours

late min need done in 2 hours 




Write a one paragraph introduction to the topic with a primary focus on creating a thesis statement for the paper. This thesis statement is critical for ensuring the paper has addressing the same question throughout. 


The workload in many areas of bank operations has the characteristics of a nonuniform distribution with respect to time of day. For example, at Chase Manhattan Bank in New York, the number of domestic money transfer requests received from customers, if plotted against time of day, would appear to have the shape of an inverted U curve with the peak around 1 P.M. For efficient use of resources, the personnel available should, therefore, vary correspondingly. A variable capacity can be achieved effectively by employing part-time personnel. Because part-timers are not entitled to all the fringe benefits, they are often more economical than full-time employees. Other considerations, however, may limit the extent to which part-time people can be hired in a given department. The problem is to find an optimum workforce schedule that would meet personnel requirements at any given time and also be economical. Some of the factors affecting personnel assignment are listed here:



  1. By corporate policy, part-time personnel hours are limited to a maximum of 40% of the day's total requirement.

  2. Full-time employees work for 8 hours (1 hour for lunch included) per day. Thus, a full-timer's productive time is 35 hours per week.

  3. Part-timers work for at least 4 hours per day but less than 8 hours and are not allowed a lunch break.

  4. Fifty percent of the full-timers go to lunch between 11 A.M. and noon, and the remaining 50% go between noon and 1 P.M.

  5. The shift starts at 9 A.M. and ends at 7 P.M. (i.e., overtime is limited to 2 hours). Any work left over at 7 P.M. is considered holdover for the next day.

  6. A full-time employee is not allowed to work more than 5 hours overtime per week. He or she is paid at the normal rate for overtime hours—not at one-and-a-half times the normal rate applicable to hours in excess of 40 per week. Fringe benefits are not applied to overtime hours.


In addition, the following costs are pertinent:

1. The average cost per full-time personnel hour (fringe benefits included) is $10.11.

2. The average cost per overtime personnel hour for full-timers (straight rate excluding fringe benefits) is $8.08.

3. The average cost per part-time personnel hour is $7.82.


The personnel hours required, by hour of day, are given in the following Table.


TABLE: Workforce Requirements


NUMBER OF PERSONNELTIME PERIOD REQUIRED9–10 A.M.1410–112511–122612–1 P.M.381–2552–3603–4514-5295-6146-79


The bank's goal is to achieve the minimum possible personnel cost subject to meeting or exceeding the hourly workforce requirements as well as the constraints on the workers listed earlier.


Discussion Questions:

1. What is the minimum-cost schedule for the bank?

2. What are the limitations of the model used to answer question 1?

3. Costs might be reduced by relaxing the constraint that no more than 40% of the day's requirement be met by part-timers. Would changing the 40% to a higher value significantly reduce costs?


Source: Adapted from Shyam L. Moondra. "An L. P. Model for Work Force Scheduling for Banks," Journal of Bank Research (Winter 1976): 299–301.


Label your completed file CS1 - Your Team's Name (Team A, B, or C) and upload it to Case Study 2 assignment. You do not need to write many words, but you do need to answer all the questions above. If you do not address those three questions in particular, points will be deducted. Question 1 has 50 points, Question 2 has 20 points and Question 3 has 30 points. Upload your file to this Case Study assignment. 


Hint: For Question 3, please choose a hypothetical higher number, say 45% or 50%, to illustrate your analysis and conclusion. You also need to explain why. In some cases, you may use the "QM for Windows" software (rather than Excel QM) to obtain the LP diagram to support your finding. After solving your LP program, you may select "Windows" and the select "Graphs" to get to the graph output. You may then copy and paste any graph into your word document. However, this option may not work in all cases. Please discuss why. 


Here is a link that discuss the approach to solution for Chase Manhattan Bank Case Study

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Writer Writer Name Offer Chat

Writers are writing their proposals. Just wait here to get the offers for your project...

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Mirror ray diagram worksheet - How did josie king die - Find lowest common denominator - Who is the tyrant 3000 miles away - My wood by em forster summary pdf - Interest Rate, Stock Valuation, Risk and Returns - 11 4 standardized test prep conditional probability - 3572 series mortice lock - Why did morrie become a teacher - Mat 144 major assignment 3 - New royal adelaide hospital case study - E3.2 - 3 tier php mysql architecture - How would you describe baroque art to someone - A string of christmas lights contains lights - John cheever the country husband - Organisational citizenship behaviour cipd - Practical Connection Assignment - Iso 27004 pdf español - Bear totem pole drawing - Mice of men american dream - Essay - Cko dashlane - White quarry farm tadcaster - Chapter 12 go math grade - Week 4 disscusion econ - Woma high pressure pump - Marketing and operations management at ikea - Speed of sunlight from the sun to earth - Assignment - Prepare income statements for each year using absorption costing - Managerial accounting - There will come soft rains powerpoint - Baf2 ionic or molecular - Sop for masters in global management - Cultural criticism essay regarding “Young Goodman Brown” - Grossmont college wathergrossmont college weather - People like us david brooks analysis - Final Project - En las farmacias pequeñas de ecuador se venden ____. hierbas medicinales remedios caseros - What are exclusive concurrent and residual powers - Grand ridge brewery menu - Antes de acostarse maría se cepilla los dientes - How to do limiting reagent questions - Owens transport lcl availability - LDR531 Week 1 Personal Leadership Evaluation - Block letter - 1 discussion and 1 case study - AAC Assessments Part 1 and 2: Assessment Summary - Assignment #032 - Ford motor company case study analysis - Is the tiger in life of pi a metaphor - Is purdue liberal or conservative - Microsoft excel qm add in - Insurance and Healthcare Reimbursement - Hoselink 20m retractable hose reel - Electron configuration of argon - Engineering double degree curtin - Exploring business 3.0 karen collins pdf - Purdue university io psychology - 4 7 divided by 2 3 - Blood glucose after drinking milk graph - What is organisational behaviour pdf - Proof of compound angle formula - Small Group Communication - Was elvis a twin - A very old man with enormous wings questions pdf - Christian aid religious teachings - I'll pour pestilence in his ear - ZAPS LAB ASSIGNMENT - Greg norman wife kirsten kutner - Research Methods in Criminal Justice – PBS Documentary - "Driving While Black" - What does rtn mean in penn foster - S4 timetable oxford to banbury - C program for bankers algorithm - Sbar training scenarios - Anthem for doomed youth essay - Assignment on security architecture and design - Astral blade of the space station - Biology discussion due in 18 hours - Organizational behavior stephen p robbins 15th edition ppt - Www aau edu et registrar 2017 18 - Triangular trade route map - South wales gliding club - Powered by rovi passport guide 6.0 - 1 page - Operational excellence refers to companies that ________. - Macbeth and a simple plan - 70 20 10 financial ratio - Aicpa code of professional conduct four general standards - Finding nemo sydney harbor - How to build a static consolidation in excel - 120 pearl river road - Week 3 Report - Bariatric facility equipment - Role of Emotional Intelligence - Seneca college girls - R001 01 understanding computer systems - Model of creative ability - Frank lloyd wright organic architecture