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Business, 23.02.2021 04:10 189652

a)Determine a minimum inventory production plan (i. e., one that allows arbitrary hiring and firing). b)Determine the production plan that meets demand but does not hire or fire workers during the six-month period. c)Let’s say subcontracting is allowed. Let’s say we implement the constant workforce with subcontracting plan, what would the cost of subcontracting need to be to beat the cheaper of the two options above? d)Using this subcontracting cost of $50, formulate a LP and solve to optimality for the constraints of this problem

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