A Post Office Requires Different Numbers of Full-Time Employees on Different

question 111

Essay

A post office requires different numbers of full-time employees on different days of the week. The number of full-time employees required each day is given in the table below. Union rules state that each full-time employee must work five consecutive days and then receive two days off. The post office wants to meet its daily requirements using only full-time employees. Its objective is to minimize the number of full-time employees that must be hired.
-(A) Use Solver to formulate and solve the post office's problem.
(B) Suppose the post office has 30 full-time employees and is not allowed to hire or fire any employees. Determine a schedule that maximizes the number of weekend days off received by the employees.

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Definitions:

Initial Cash Outflow

Initial cash outflow refers to the amount of money a business or investor must spend upfront to initiate a project, investment, or acquisition.

Cash Inflows

The total amount of money being transferred into a business, typically from operational, investment, and financing activities.

Profitability Index

A calculation used to determine the relative profitability of an investment, defined as the present value of future cash flows divided by the initial investment cost.

Discount Rate

The discount rate used in DCF method to establish the current worth of future financial flows.