Regular Prod. Cost = $12/unit Regular Prod. Capacity = 6000 units/qtr Overtime Prod. Cost = $15/unit Beginning work force = 50 workers Subcont Prod. Cost = $20/unit Production rate/worker = 100 units/qtr Inventory Cost = $5/unit/qtr Beginning Inventory = 1400 units Hiring Cost = $1000/worker Firing Cost = $2000/worker Quarter Demand Linear programming is to be used to determine 1 5200 a production plan strategy of Level Production, 2 8100 Chase Demand, and Subcontracting. 3 3600 Regular Production is the only capacity limit. 5. Formulate the Objective Function (note which strategies to use). 6. Formulate all Constraints (standardized). 7. How many decision variables are in the model? 8. How many constraints are in the model? Regular Prod. Cost = $12/unit Regular Prod. Capacity = 6000 units/qtr Overtime Prod. Cost = $15/unit Beginning work force = 50 workers Subcont Prod. Cost = $20/unit Production rate/worker = 100 units/qtr Inventory Cost = $5/unit/qtr Beginning Inventory = 1400 units Hiring Cost = $1000/worker Firing Cost = $2000/worker Quarter Demand Linear programming is to be used to determine 1 5200 a production plan strategy of Level Production, 2 8100 Chase Demand, and Subcontracting. 3 3600 Regular Production is the only capacity limit. 5. Formulate the Objective Function (note which strategies to use). 6. Formulate all Constraints (standardized). 7. How many decision variables are in the model? 8. How many constraints are in the model