(50,000 units below the average demand over the next 12 months, set at 1,241,667). Calculate the cost of this level production schedule and determine the value of overtime flexibility. Part two: Reconsidering the TechVision data in part 1, assume that the plant has 1,250 employees and maintains a no-layoff policy. Overtime is limited to 20 hours per employee per month. A third party has presented an offer to produce smart devices as needed at a cost of $26 per unit, which includes component costs of $20 per unit. e. Determine the average per unit cost of in-house production, including inventory holding and overtime costs, if the third party is not utilized. f. Explore how TechVision should utilize the third party. How does your response change if the third party offers a reduced price of $25 per unit? g. Evaluate whether TechVision should engage the third party if the per unit cost is $28. h. Discuss the reasons why TechVision might opt for the third party even when the per unit cost is higher than the average per unit cost (including inventory holding and overtime) for in-house production. Part three: Reconsidering the TechLink data in Exercise 1, assume that the plant has 1,250 employees and maintains a no-layoff policy. Overtime is limited to at most 20 hours per employee per month, and there is no subcontracting option. TechLink has a team of 50 individuals willing to work as seasonal employees. The cost of bringing them on is 800 euros per employee, and the layoff cost is 1,200 euros per employee. i. Determine the optimal production, hiring, and layoff schedule. j. Explore how the optimal schedule changes if the seasonal pool grows from 50 to 100. k. In comparison to having 1,250 permanent and 50 seasonal employees, assess whether TechLink would significantly benefit from carrying only 1,100 permanent employees but having 200 seasonal employees. 1. Consider the case in which TechLink has 1,250 permanent employees and 50 seasonal employees. Does TechLink gain more by eliminating its no-layoff policy for its permanent employees or by increasing the seasonal employee pool from 50 to 100? Assume that permanent employees can be hired or laid off at the same cost as the seasonal employees. Part Four: