In: Finance
[PLEASE ANSWER IN EXCEL TEMPLATE BELOW (A/B ON SEPARATE PAGES) AND SHOW FORMULAS/SOLVER INFO]
La Quinta Inn is staffing its receptionists in its biggest hotel in San Antonio. Receptionists work 6-hour shifts at the hotel lobby. There are two types of receptionists: those who speak English as a first language and those who are fully bilingual (English and Spanish). The requirements for the number of receptionists depend on the customer arrivals during various hours. The Inn believes that the need for receptionists between the hours of 7 A.M. and 10 P.M. are as follows:
7am to 10am | 10am to 1pm | 1pm to 4pm | 4pm to 7pm | 7pm to 10pm | |
Receptionist Needed | 4 | 12 | 8 | 12 | 8 |
Receptionists begin work either at 7 A.M., 10 A.M., 1 P.M., or 4 P.M. At least half of the receptionists needed in any time period should speak English as the first language. Further, at least one-quarter of the receptionists needed in any time period should be fully bilingual.
A) How many and what type of receptionists should be hired for each shift to meet the language and staffing requirements, so that the total number of receptionists is minimized?
B) What is the optimal hiring plan from a cost perspective if English-speaking receptionists are paid $30 per hour and bilingual receptionists are paid $35 per hour?
English starts at 7 | English starts at 10 | English starts at 1 | English starts at 4 | Bilingual starts at 7 | Bilingual starts at 10 | Bilingual starts at 1 | Bilingual starts at 4 | ||||
Number assigned | |||||||||||
Objective coeff | |||||||||||
Constraints | |||||||||||
7am-10am needs | |||||||||||
10am-1pm needs | |||||||||||
1pm-4pm needs | |||||||||||
4pm-7pm needs | |||||||||||
7pm-10pm needs | |||||||||||
7am-10am English | |||||||||||
10am-1pm English | |||||||||||
1pm-4pm English | |||||||||||
4pm-7pm English | |||||||||||
7pm-10pm English | |||||||||||
7am-10am Bilingual | |||||||||||
10am-1pm Bilingual | |||||||||||
1pm-4pm Bilingual | |||||||||||
4pm-7pm Bilingual | |||||||||||
7pm-10pm Bilingual | |||||||||||
LHS | Sign | RHS | |||||||||
The optimal objective value is 24. |
7 am to 10 am | 10 am to 1 pm | 1 pm to 4 pm | 4 pm to 7pm | 7pm to 10 PM | |||
|
4 | 12 | 8 | 12 | 8 | ||
English receptionist ER | 3 | 3+6 | 6 | 9 | 6 | ||
Bilingual receptionist BR | 1 | 1+2 | 2 | 3 | 2 |
So total no. of receptionists required are 24. ER = 3+6+9= 18, BR = 1+2+3= 6
Now, cost of ER for working 3 hours= 3*$30 = $90
Therefore, cost of ER receptions= 18*$90 = $1720
Now, cost of BR for working 3 hours= 3*$35 = $105
Therefore, cost of BR receptions = 6*$105= $630