Question: A tech startup was founded in 2 0 2 1 . The following table shows an estimate of active numbers ofcon - tractors the company
A tech startup was founded in The following table shows an estimate of active numbers ofcon
tractors the company needs for any given year which includes new hires as well as those stayingon
due to a longerterm contract over the next years:
The company can choose to sign different length contracts with each contractor it hires and wants tokeep
more contractors than needed during some years of the planning horizon. The startup estimatesthat
the cost of recruiting and maintaining the contractors is a function of their length of stay withthe
company. The following table summarizes these estimates:
The startup is interested in the recruiting schedule to minimize the total cost.
Hint: Think about the number of contractors the startup needs to hire for different horizons
years in each year of the planning horizon.
a
Write the problem as an optimization problem. You can ignore the fact that the
numbers of engineers cannot take fractional values.
b
Is this a linear or nonlinear optimization problem? Please briefly explain.
c
Determine the optimal solution by using Excel's solver or Python's packages. If you
use Excel, be sure to submit the Excel sheet and solver window. If you use Python, be sure to
submit your fully commented code and output.
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