Develop a model that can be used to determine the number of temporary employees IDM should hire each month under each contract plan in order to meet the projected needs at a minimum total cost.
Include the following items in your report:
1. A schedule that shows the number of temporary employees that IDM should hire each month for each contract option. (8 marks: 4 marks for developing mathematical model and 4 marks for reproduction of the model in Excel and solving the problem)
2. A summary table that shows the number of temporary employees that IDM should hire under each contract option, the associated contract cost for each option, and the associated training cost for each option. Provide summary totals showing the total number of temporary employees hired, total contract costs, and total training costs
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