Question: Part 2 given the following information: Regular Prod. Capacity ( = 9 , 0 0 0 ) units / qtr Regular Prod. Cost

Part 2 given the following information:
Regular Prod. Capacity \(=9,000\) units/qtr
Regular Prod. Cost =\$11/unit
Beginning work force \(=18\) workers
Subcont Prod. Cost =\$24/unit
Production rate/worker \(=500\) units/qtr
Inventory Cost =\$4/unit/qtr
Beginning Inventory \(=3,200\) units
Hiring Cost \(\quad=\$ 5,100/\) worker
Firing Cost \(\quad=\$ 8,400/\) 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 12 months of forecasts, instead of 3 quarters, how many decision variables would be in the model?
Part 2 given the following information: Regular

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