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Solve with Aggregate planning context provided on the table below. Using excel step by step a) What is the minimum constant workforce that would allow

Solve with Aggregate planning context provided on the table below. Using excel step by step

a) What is the minimum constant workforce that would allow you to comply with all the demand, the safety stock rule for every month and the minimum allowed inventory at the end of the period?

b) Formulate this aggregate planning problem as a Linear Program

c) Solve the Linear program and provide optimal solution for the cost function and all variables

Aggregate demand forecast

Month

Demand Forecast

January

870

February

460

March

800

April

1300

May

2100

Current workforce and Inventory

Initial Workforce: 250 workers

Initial Inventory: 400 aggregate units

Costs

Hiring Cost = $400/worker

Layoff Cost = $1200/worker

Salary = $1000/worker-month

Inventory cost = $10/unit-month

Business rules

Minimum allowed inventory at end of planning period: 450 units

Safety stock (minimum allowed inventory on any month): 100 units

Further information

It was observed that in two months with a workforce of 120 workers, the production was 500 aggregate units

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