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4 . A bus company believes that it will need the following number of bus drivers during each of the next five years: year 1
A bus company believes that it will need the following number of bus drivers during each of the next five years: year drivers; year drivers; year drivers; year drivers; year drivers. At the beginning of each year, the bus company must decide how many drivers should be hired or fired. It costs $ to hire a driver and $ to fire a driver. A drivers salary is $ per year. At the beginning of year the company has drivers. A driver hired at the beginning of a year may be used to meet the current years requirements and is paid full salary for the current year. Formulate an LP to minimize the bus companys salary, hiring, and firing costs over the next five years.
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