Linear programming is to be used to determine a production plan strategy of Level Production, Overtime, and Subcontracting. 1. Formulate the Objective Function (note that there are 3 quarters). 2. and 3. Formulate all Constraints (standardized). 4. How many decision variables are in the model? 5. How many constraints are in the model? Part 2 Given the following information: RegularProd.Capacity=5,500units/qtrBeginningworkforce=48workersProductionrate/worker=100units/qtrBeginningInventory=700unitsRegularProd.Cost=$13/unitSubcontProd.Cost=$20/unitInventoryCost=$7/unit/qtrHiringCostFiringCost=$4,000/worker=$5,200/worker Regular Prod. Cost =$13/ unit Subcont Prod. Cost =$20/ unit Inventory Cost =$7/ unit/qutr Hiring Cost =$4,000/ worker Firing Cost =$5,200/ worker Linear programming is to be used to determine a production plan strategy of Level Production Chase Demand and Subcontracting. Regular Production is the only capacity limit. 6. Formulate the Objective Function (note which strategies to use). 7. and 8. Formulate all Constraints (standardized). 9. How many constraints are in the model? 10. If there were 6 months of forecasts, instead of 3 quarters, how many decision variables would be in the model