Sales & Operations Planning - LP A local firm manufactures children's toys. The projected demand over the next four mont

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Sales Operations Planning Lp A Local Firm Manufactures Children S Toys The Projected Demand Over The Next Four Mont 1 (52.66 KiB) Viewed 86 times

Sales & Operations Planning - LP A local firm manufactures children's toys. The projected demand over the next four months for one particular model of toy robot is given in the following table. Workdays Month January February March April 23 16 20 22 Demand 3800 7200 2800 4400 Assume that a normal day is eight hours. Hiring costs are $350 per worker and firing costs are $850 per worker. Holding costs are $4 per unit held per month. Additionally, assume that it requires an average of two hours for one worker to assemble one toy. Shortages are not permitted. It is given that the ending inventory for December was 900 of these toys and the manager wishes to have at least 800 units on hand at the end of April. Assume that the current workforce level is 35 workers. The firm wants to minimize its cost. Answer the following questions. 1. [4 points) Formulate the problem as a linear program. For simplicity, use the number from the questions instead of introducing parameter notations. Clearly define your variables and provide the objective function and constraints. 2. [1 point] By looking at the numbers, could the producer avoid hiring new workers?