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A bus company believes that it will need the following numbers of bus drivers during each of the next five years. 60 drivers in year 1: 70 drivers in year 2; 50 drivers in year 3; 65 drivers in year 4; and 75 drivers in year 5. At the beginning of each year, the bus company must decide how many drivers to hire or fire.it costs $4000 to hire a driver and $2000 to fire a driver. A driver's salary is $10000 per year. At the beginning of year 1 the company 50 drivers. A driver hired at the beginning of a year can be used to meet the current year's requirements and is paid full salary for the current year.
A. Determine how to minimize the bus company's salary, hiring and firing costs over the next five years?
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