15.6 Jamison Day Consultants has been entrusted with the task of evaluating a bu

Question

15.6 Jamison Day Consultants has been entrusted with the task of evaluating a business plan that has been divided into four sections-marketing, finance, operations, and human resources. Chris, Steve, Juana, and Rebecca form the evaluation team. Each of them has expertise in a certain field and tends to finish that section faster. The estimated times taken by each team member for each section have been outlined in the table below. Further information states that each of these individuals is paid $60/hour. a) Assign each member to a different section such that Jamison Consultants's overall cost is minimized. b) What is the total cost of these assignments? Times Taken by Team Members for Different Sections (minutes) Chris Steve Juana MARKETING FINANCE OPERATIONS 120 115 100 35 80 20 40 65 125 145 85 25 HR 140 160 45 75 Px r Rebecca

Explanation / Answer

A. Steve should be assigned to Marketing with the least hours of 20 , Rebecca fits in operations with the lowest turn around time i.e 35.

Juana can look into HR with a 45hrs TAT.

Chris lastly should be able to look into finance with a 120 hrs time taken.

B. Hence the total cost must amount to (20+35+45+120)x60 = $7300

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