Find the least-cost matrix

Assignment Help Basic Statistics

Reference no: EM1314683

A company has five (5) employees, which are to be assigned five (5) projects. The dollar cost of each assignment (in $1,000s), arranged from employee 1 to employee 5, are as follows:

	Employee 1	Employee 2	Employee 3	Employee 4	Employee 5
Project 1	$40	$30	$70	$60	$80
Project 2	$30	$50	$40	$60	$30
Project 3	$80	$93	$1,000	$75	$90
Project 4	$20	$10	$40	$20	$30
Project 5	$460	$480	$470	$510	$550

Using What's Best! (Or solver) find the least-cost matrix.

Reference no: EM1314683

Questions Cloud

Market structure for opec : What type of market structure is OPEC? What are some important issues that OPEC must confront in their efforts to control the price of oil?

Solving algebraic expression by multiplication rule : Algebraic expression by multiplication rule.

Prepare an overhead budget for the expected activity level : Prepare an overhead budget for the expected activity level for the coming year and Prepare an overhead budget that reflects production that is 25 percent lower than expected.

The coefficient of rolling friction for rubber on ramp : A motorcycle daredevil plans to ride up a 2.50m high 25.0° ramp, sail across a 10-m-wide pool filled with hungry crocodiles, and land at ground level on the other side.

Find the least-cost matrix : Using What's Best! (Or solver) find the least-cost matrix.

Prepare a production budget : Prepare a production budget, in units, for each of the first four months of the year and Prepare a direct materials budget, in dollars, for each of the first three months of the year.

A bullet is fired straight up from a gun : Janet jumps off a high diving platform with a horizontal velocity of 1.55 m/s and lands in the water 1s later. How high is the platform? The acceleration of gravity is 9.80 m/s2.

Impairment of intangibles : Multiple Choice Questions Amortization, impairment of intangibles - what amount should be reported as amortization expense

With what minimum average speed should he move : Travelling at the speed of 14.10 m/s, driver of an automobile suddenly locks the wheels by slamming on the brakes. The coefficient of kinetic friction between the tires and the road is 0.650. What is the speed of automobile after 1.130 s have elapsed..

User Account

All Pages