Managerial Report for Phoenix Computers
Problem Statement
The main objective of Phoenix is the satisfaction of its staffing needs at minimum possible total cost viz. incremental training and salary cost during the period of 5 months starting from May and ending at September. Thus it is required to determine the number of existing employees that is required each month to begin the two-month training program along with the number of new employees that is required each month to begin the three-month training program. For finding the solution of the given problem, a hiring plan needs to be developed depicting the optimum mix of current and new employees for the training program.