One company requires the services of workers during the next five weeks and decided to hire such workers on contract the size of the workforce needed over the next 5 weeks to be 8, 6, 4, 7, and 2 workers respectively. workers engaged are paid $300 per week whereas excess labor kept on the force will cost $200 per worker per week and new hiring in any week will incur a fixed cost of $100 plus $300 per worker per week. similarly, any worker relieved from the service has to be compensated at the rate of $200. what policy would you recommend him for maintaining the labor size for the next five weeks?

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Answer The policy that I would recommend the company for maintaining the labor size ... View the full answer