Question: Explain the linear programming model for aggregate planning. Indicate clearly the decision variables, constraints and the objective function. Assume that the organization is interested in

Explain the linear programming model for aggregate planning. Indicate clearly the decision variables, constraints and the objective function. Assume that the organization is interested in including costs of production, regular time, overtime, inventory, shortage, hiring, lay-off, underutilization and subcontacting in its analysis. Can an LP solution give a higher value of cost when compared to the cost of actual decisions? Why or why not?

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