Quarter Demand 1 5200 2 7100 3 2600 Regular Prod. Capacity = 4500 units/qtr Beginning work force = = 30 workers Production rate/worker = 100 units/qtr Beginning Inventory Regular Prod. Cost = $12/unit Subcont Prod. Cost = $20/unit Inventory Cost = = 1400 units Hiring Cost Firing Cost = $7/unit/qtr = $2000/worker = $3700/worker Linear programming is to be used to determine a production plan strategy of Level Production, Chase Demand, and Subcontracting. Regular Production is the only capacity limit. 5. Formulate the Objective Function (note which strategies to use). 6. and 7. Formulate all Constraints (standardized). 8. How many constraints are in the model? 9. If there were 12 months of forecasts, instead of 3 quarters, how many decision variables would be in the model?