Mathematics, 20.03.2020 11:55, Mlpgirl233

A company has the following forecast demand for the next five months: 1,600, 2,400, 3,200, 2,800, and 2,400. The following information is also available. current work force = 15 workdays/month = 20 labor hours/unit = 2 working time/day = 8 hiring cost/worker = $100 layoff cost/worker = $50Inventory, stockouts, overtime, and subcontracting are not allowed. Only hiring and layoff are allowed to respond to fluctuations in demand. Determine the total cost of hiring and layoff during the five-month period.

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A company has the following forecast demand for the next five months: 1,600, 2,400, 3,200, 2,800, an...