Question: Develop an optimal hiring/firing policy over the four month planing horizon in compact form Multiperiod Production Smoothing Model Example 2.4-4 (p. 35) A company will

Develop an optimal hiring/firing policy over the four month planing horizon "in compact form"

Multiperiod Production Smoothing Model Example 2.4-4 (p. 35) A company will manufacture a product over the next four months; March, April, May and June. The demands are 520, 720, 520 and 620. The company has a steady workforce of 10 employees but can hire and fire temporary workers for $200 and $400 per worker. . A permanent worker can produce 12 units per month while a temporary worker can produce only 10 units per month. . Holding cost is $50 per unit per month

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