Question: Compute a mixed - hybrid production plan using a combination of inventory, overtime, subcontracting, hiring and firing and calculate its total cost. For this plan,

Compute a mixed-hybrid production plan using a combination of inventory, overtime, subcontracting, hiring and firing and calculate its total cost. For this plan, the maximum number of employees that can be hired or laid-off in a single period at one time is 50(this is only per period; not the entire plan). Furthermore, subcontractors can only supply up to 40 additional units per month and each employee can produce 5 extra units per month on overtime. Also, they are not allowed to use overtime nor subcontracting to build inventory. This mixed-strategy hybrid plans cost MUST be less than the previous two plans.

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