Question: . A tech startup was founded in 2 0 2 1 . The following table shows an estimate of active numbers ofcontractors the company needs

. A tech startup was founded in 2021. The following table shows an estimate of active numbers ofcontractors the company needs for any given year (which includes new hires as well as those stayingon
due to a longer-term contract) over the next 5 years:
Year 20222023202420252026
# of software engineers 1101307016550
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:
Length of employment contract (in years)12345
Total cost for all of the years per contractor 110140170230250
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 1,2,3,
4,5 years in each year of the planning horizon.)

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