Management Science
Situation 4.
The Polytechnic University of PR has received authorization from its President to hire up to 20 new full-time faculty members and spend up to $1,450,000 a year in new salaries. The school is seeking professors at all levels: assistant, associate, and full professor. The dean of the school would prefer not to hire full professors. Accordingly, while the school may not seek faculty for all 20 positions, the dean has authorized that at least 30% of the new faculty who are hired should be assistant professors, and at least 50% of the new faculty hired should be below the rank of full professor. The respective departments within the school have convinced the dean, however, that at least four full-time professors should be hired to provide expertise in key areas. The following table gives the average salaries and years of experience for professors in each of the three ranks. The school is interested in hiring the most qualified mix of faculty (as measured by the total combined years of experience) that meets the university's limitations and the dean's authorizations.
Rank
Average Salary
Average Year of Experience
Assistant
$55,003
2
Associate
$69,885
8
Full
$93,471
12
What would be your recommendation to the administration?
Situation 4.
The Polytechnic University of PR has received authorization from its President to hire up to 20 new full-time faculty members and spend up to $1,450,000 a year in new salaries. The school is seeking professors at all levels: assistant, associate, and full professor. The dean of the school would prefer not to hire full professors. Accordingly, while the school may not seek faculty for all 20 positions, the dean has authorized that at least 30% of the new faculty who are hired should be assistant professors, and at least 50% of the new faculty hired should be below the rank of full professor. The respective departments within the school have convinced the dean, however, that at least four full-time professors should be hired to provide expertise in key areas. The following table gives the average salaries and years of experience for professors in each of the three ranks. The school is interested in hiring the most qualified mix of faculty (as measured by the total combined years of experience) that meets the university's limitations and the dean's authorizations.
Rank
Average Salary
Average Year of Experience
Assistant
$55,003
2
Associate
$69,885
8
Full
$93,471
12
What would be your recommendation to the administration?
0 comments:
Post a Comment