I would like to know how could I solve this following problem, I am trying to find a solution but don't know what to begin with:
A consulting company estimates its business for the next five months, in hours, at 6000, 7000, 8000, 9500, 11000 hours, respectively. Currently the company employs 50 consultants, each at 160 hours/month, paid 2000 euros/month. To meet demand, company must recruit and retain new consultants. Training takes one month and 50 hours of supervision from an existing consultant. Trainees are paid 1000 euros/month. After training, 5% of the trainees leave the firm.
Plan the activity to meet the demand and incur the minimum cost.